US stocks seen rallying higher on trade hopes, strong jobs data
Investors will be looking out for retail sales figures this week to confirm that the economy is on an upward path
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE momentum is now officially with the bulls. US stocks rose last week as two of the biggest diplomatic messes in recent history moved closer to détente and US jobs data was neither too hot nor too cold.
The rally is likely to continue this week if talks on trade, Brexit negotiations and earnings reports stay on track.
Last Friday's US jobs report might have been designed by stock-market bulls. Employers added almost 200,000 workers , far more than economists had predicted, while the unemployment rate held near a 50-year low.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
