Growth in UK and US in focus after new year fears rattle markets 1.59pm GMT Stock market futures still indicate a big gain at the opening bell for US markets.Dow Jones industrial average futures up by 1.2%, S&P 500 futures have gained 1.3% for the day, and Nasdaq futures are still up by 1.4%.Average hourly wages were up +3.2% y/y in December, the highest rate of the recovery. If markets want to focus on a potential negative in an otherwise very positive report, they will worry about inflation and the Fed continuing to hike rates. 1.53pm GMT US wage growth also rose, at an annual rate of 3.2%, above expectations of 3% even as unemployment increased.US Treasury yields rose in the aftermath of the non-farm payrolls data, as investors sold off 10-year benchmark government bonds. The yield, which moves inversely to price, on the US 10-year rose by four basis points to above 2.64%, before paring slightly. Continue reading…
Via: US economy smashes jobs expectations – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…