A person walks past the New York Stock Exchange (NYSE) at Wall Street on November 16, 2020 in New York City. – Wall Street stocks rose early following upbeat news on a coronavirus vaccine and merger announcements in the banking and retail industries. (Photo by Angela Weiss / AFP)
Asian investors struggled Friday to maintain the week’s positive momentum as they eyed sharp losses on Wall Street that came after forecast-beating jobs data suggested the Federal Reserve will have to keep lifting interest rates.
{ad}
Regional markets have enjoyed a strong start to the year, largely thanks to optimism over China’s reopening and signs it is toning down its tough talk on a number of issues domestically and geopolitically.
But long-running fears that central bank policy tightening would cause a recession were brought back into play by figures showing more jobs than expected were created in the US private sector last month.
The reading from payroll firm ADP indicated the labour…
Source: Guardian Newspaper
