World shares recover after US jobs report sell-off
| Published date | 09 August 2022 |
| Publication title | Daily Financial Times |
Global stock markets gained ground on Monday, recovering from losses sparked by a strong US jobs report last week that bolstered the case for sharp interest rate hikes, while the dollar weakened and Government bond yields fell.
Markets quickly moved on Friday to price about a 70% chance that the US Federal Reserve would raise rates by 75 basis points in September, sending two-year yields up 20 basis points and further inverting the curve.
Yet the broad Euro STOXX 600 gained 0.8% in early trade on Monday, led...
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