SINGAPORE – Inflation, rising rates of interest, anaemic financial and jobs restoration, Omicron. The sum of all fears weighed closely available on the market final week, leading to volatility not seen since August.
The dismal November jobs report – the place US non-farm payrolls elevated by a mere 210,000 versus the 546,000 rise in October, mixed with the market’s expectation of 573,000 – merely added to the wall of fear that traders are already dealing with from elevated inflation and impending financial tightening.
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