Risk assets found support from an upbeat US October payrolls report, but they face another test later in the week from US inflation data.
Sydney/Milan — World shares steadied near record peaks on Monday as risk assets found support from an upbeat US October payrolls report, but they face another test later in the week from a reading on US inflation.
Moves were modest with the pan-European Stoxx 600 benchmark little changed in early trading, while the MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2%. Friday’s robust US payrolls report included upward revisions to the previous couple of months and another strong reading on wages.
“Another acceleration in the monthly annualised trimmed CPI will reinforce our view that the Fed is behind the curve,” said Kim Mundy, a senior economist & currency strategist at CBA. After some wild swings, Treasuries still managed to end last week with a rally, thanks partly to a huge drop in UK bond yields where short-dated debt enjoyed its best week since 2009 after the Bank of England skipped a chance to hike.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘It’s a bitter pill to swallow’: Proteas coach Mark Boucher after World Cup exitProteas coach Mark Boucher has admitted he is struggling to come to terms with the team's failure to qualify for the semi-finals of the ICC T20 World Cup in the UAE.
Read more »
‘It’s a bitter pill to swallow’: Proteas coach Mark Boucher after World Cup exitProteas coach Mark Boucher has admitted he is struggling to come to terms with the team's failure to qualify for the semi-finals of the ICC T20 World Cup in the UAE.
Read more »
New Zealand into T20 World Cup semi-finals, India eliminatedNew Zealand reached the T20 World Cup semi-finals with an eight-wicket win over Afghanistan, a result that eliminated India from the contest.
Read more »
‘It’s a bitter pill to swallow’: Proteas coach Mark Boucher after World Cup exitProteas coach Mark Boucher has admitted he is struggling to come to terms with the team's failure to qualify for the semi-finals of the ICC T20 World Cup in the UAE.
Read more »
World leaders hail SA’s landmark green dealThis is the first significant financing deal to emerge from the landmark climate conference in Glasgow, writes politicsblabla
Read more »
World Radiography Day: The X-ray turns 126 years oldToday is World Radiography Day, which marks the anniversary of the discovery of X-rays on 8 November 1895 by German scientist Wilhelm Röntgen.
Read more »