Markets going nowhere, yet US job openings boom

Published: June 8, 2021, 8:33 p.m.

b'Wednesday 9th June 2021Inflation fears have eased further, says NAB\\u2019s Gavin Friend, with bond yields pushing lower and market volatility easing. That\\u2019s 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 \\u2013 BoE chief economist Andy Haldane described the market as \\u201con fire\\u201d \\u2013 and the worsening dispute with the EU on the Northern Ireland border. The Europeans are worried that British sausages could find their way onto the continent, stopping them could also mean the Northern Irish could be sausage-free. This is a story that won\\u2019t go away. It\\u2019s a slow burner, with lots of sizzle to follow (sorry).


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