Posts tagged as backdrop

Global stocks steady after big Asia falls post US payrolls

Monday, July 8, 2019

Global stock markets recovered their poise Monday after a big sell-off in Asia in the wake of unexpectedly strong U.S. employment data tempered hopes the Federal Reserve will aggressively cut interest rates. Fed leaders have indicated they are ready to cut rates to support economic growth amid signs of a slowdown in the U.S. economy in the wake of the tariff war with China. However, the 224,000 increase in U.S.…