Copiers : 5
Copiers : 5
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Dear Etorians, 04/05/24
The New York Stock Exchange is up today despite the publication of data from the monthly US employment report, better than expected, which should ward off the prospect of a rapid drop in interest rates. A tighter labor market means upward pressure on wages and rising household consumption: two factors which push inflation upwards.
This increase in the indices, however, reflects a technical rebound after the strong correction of the day before.