05 July 2011

Focus returns to US jobs


Equity markets have perked up in recent sessions on hopes that Greece's problems can now be dealt with swiftly by international lenders.
Attention this week, however, will return to more conventional economic matters - particularly the US labour market and Friday's non-farm payrolls report.
May's reading was un­expectedly weak - just 54,000 jobs were created in the US during the month - against the backdrop of fiscal woes in Europe, revolutionary violence in the Middle East and supply chain slowness following Japan's earthquake.

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