Stocks flat ahead of US jobs data

Stocks flat ahead of US jobs data

Markets are trading cautiously this morning ahead of key US jobs data due later today. A strong report will increase the chances that the US Fed will begin tapering in November.

Equity markets rallied back yesterday after the US Senate voted to lift the debt ceiling and avoid a credit default that would have been “catastrophic” according to Treasury Secretary Janet Yellen.

In China, the Caixin Services PMI indicated a return to growth by rising to 53.4 in September. Up from 46.7 in August, the lowest level since the height of the pandemic last year.


Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Download Our Free Brochure