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World Shares Slip, Dollar Nurses Losses as US Payrolls Loom

Started by Epoch-Times-Bot, Dec 02, 2022, 06:21 AM

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Epoch-Times-Bot

Dec 02, 2022, 06:21 AM
World Shares Slip, Dollar Nurses Losses as US Payrolls Loom

LONDON—European shares opened lower, Treasuries held on to gains and the dollar was nursing heavy losses on Friday ahead of U.S. non-farm payrolls data, the next big test for investors looking for more signs of a rates policy shift from the Federal Reserve.
Data overnight including falling U.S. job openings and contracting U.S. manufacturing activity, raised fresh hopes of easing cost pressure and added to evidence that Fed rate hikes may have cooled the economy.
But signs of a shift in the Fed’s tone could not assuage broader economic concern. European Central Bank President Christine Lagarde warned on Friday that some European governments’ fiscal policies could lead to excess demand, and that fiscal and monetary policies need to work in sync for sustainable, balanced economic growth....

Source: World Shares Slip, Dollar Nurses Losses as US Payrolls Loom

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