An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGOR
US nonfarm payrolls surprised the market by showing unemployment dipped to 3.5% in July from 3.6%, indicating that further hefty interest rate hikes may be required to get inflation under control in the world’s largest economy.
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