Stocks Slip but Heading for Weekly Gain Ahead of US Jobs DataEpoch Times, United States politics | The Epoch Times

LONDON—European shares slipped on Friday but held most of the previous session’s gains as investors welcomed the U.S. Senate’s temporary lifting of the debt ceiling and awaited crucial jobs data due later in the session. The rally on Thursday has lifted global stock indexes into positive territory for the week, despite widespread selling initially as investors fretted about soaring energy prices and the prospects of faster than expected interest rate rises to combat inflation. Still, the mood remains nervous—oil prices rallied again back towards multi-year highs and government bond yields climbed in early Friday trading. By 0820 GMT, the Euro STOXX 50 was 0.23 percent weaker, while the German DAX dropped by a similar amount. Britain’s FTSE 100 rose 0.1 percent. The MSCI world equity index, which tracks shares in 50 countries, was unchanged on the day and is now up 0.8 percent for the week. The index is 4.4 …Read More

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