Markets going nowhere, yet US job openings boom
Wednesday 9th June 2021Inflation fears have eased further, says NAB’s Gavin Friend, with bond yields pushing lower and market volatility easing. That’s despite the JOLTs (job openings) numbers in the US which were high enough for everyone to have a job, but its clear to attract workers companies will have to lift their wages. That was evidenced in the NFIB small business survey overnight too. Meanwhile, in the UK the focus is on rising house prices – BoE chief economist Andy Haldane described the market as “on fire” – and the worsening dispute with the EU on the Northern Ireland border. The…
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