Morning Bid: Jobs glow, crude pops, dollar lifts – Reuters
- Date: 05-Jun-2023
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Morning Bid: Jobs glow, crude pops, dollar lifts – Reuters
A look at the day ahead in U.S. and global markets from Mike Dolan
World markets retained a warm afterglow from Friday's shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia's output cut clouding the picture.
A forecast-busting May payrolls gain, coupled with signs of cooling wage growth, provided investors with a "soft landing" economic narrative that complemented relief over last week's government debt ceiling resolution.