Markets fluctuate as US jobs data knock rate hopes
Asian equities wobble as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes. – EPA pic, July 21, 2023.
ASIAN equities wobbled again today at the end of a draining week as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes, adding to ongoing worries about China’s economy. Investors have largely been on the back foot since Monday, when Beijing announced a big miss on second-quarter growth that indicated the post-Covid recovery had come to a juddering halt.
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