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World stock markets mixed ahead of US jobs data

August 5, 2022

Via: ABC News

Global stock markets and Wall Street futures were mixed Friday ahead of an update on the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation.

London, Paris and Frankfurt were lower while Shanghai and Tokyo advanced. Oil prices fell back.

Investors were looking ahead to monthly U.S. employment numbers for possible signs of weakness that might prompt the Fed to decide it needs to ease off on rate hikes to cool inflation. Other data suggest the economy is slowing, which should reduce pressure for prices to rise.

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