Branch² Intelligence
FTSE 100 rises as US jobs data eases Fed rate hike fears
Key takeaway
US jobs data reduces Fed rate hike expectations, boosting global equities.
- Step 1US jobs data weakens case for Fed rate hikes, lowering US Treasury yields.
- Step 2Lower US yields spill over to UK gilts, reducing UK SME financing costs.
- Step 3Improved risk appetite lifts UK equities, but SME demand remains tepid due to lagging consumer confidence.
Source: The Independent Business
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