China closes 2% higher while US job figures beat forecasts

Stock information at a brokerage house in Shanghai: markets on Friday were volatile after Beijing ditched a circuit breaker that halted trading twice this week.

Not all components were positive in today’s payroll print with Average Hourly Earnings being a particular concern falling 0.2% below forecasts. More jobs being created can only be seen as good news, but with hourly earnings lagging, labour cost inflation is still a slight concern to Janet Yellen.

Alex Lydall quoted in The Guardian

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