Branch2 Intelligence
Dow average hits peak as jobs ease Fed-hike worry
Key takeaway
Dow hits all-time high as easing jobs data reduces Fed hike fears.
- Step 11st-order: Easing US jobs data reduces Fed rate hike fears, lifting Dow to all-time high.
- Step 22nd-order: Lower US rate expectations transmit to UK gilt yields via cointegration, potentially easing SME borrowing costs.
- Step 33rd-order: Sector rotation out of chipmakers may reduce demand for UK-listed semiconductor suppliers and tech-exposed SMEs.
Source: CNBC TV18 (Markets)
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