Market Comment | Cautious mood in the market after U.S. employment gains

Summary

On Monday, global market remained in a cautious mood after U.S. employment gains reduced expectations that the Federal Reserve would apply a larger interest rate cut than 25 basis points at the Fed’s July 30-31 policy meeting.

Key points

• Key points:
• Global market remained in a cautious mood after U.S. employment gains.
• US treasury yield was down as the sense of caution drew investors back into the debt.
• Equity markets declined in a context of increased uncertainty about the next Fed move.

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