Branch2 Intelligence
US stocks today: US stocks open higher after June jobs report eases rate-hike bets
Key takeaway
Softer US June jobs data reduces odds of aggressive Fed rate hikes, boosting risk appetite.
- Step 11st-order: US June jobs data softer than expected, reducing Fed rate hike bets.
- Step 22nd-order: US Treasury yields fall and USD weakens, lowering global risk-free rates and import costs.
- Step 33rd-order: UK gilt yields track US yields lower, reducing SME borrowing costs on floating-rate debt and improving discretionary spending power.
Source: IN:Economic Times
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