What does US jobs data mean for its economy? | Ausbiz

Isaac Poole from Oreana Financial Services shares his views on today’s global economic trends. Isaac, currently situated in Hong Kong, highlights a strong economic surge in China and other Asian nations, indicating that this robust growth might influence Asia as a whole. He expresses his optimism about reaching a 5% growth target as China’s comprehensive monetary and fiscal support unfolds.

However, Isaac points out potential risks related to geopolitical instability, such as conflicts in the Middle East, inducing unpredictability and oscillations in commodity prices, with emphasis on oil. Looking at the US, Isaac comments on the healthy jobs report, suggesting the priority ought to be wage growth over job numbers.

He recommends that the Federal Reserve should keep a keen eye on wage increase and inflation rates, preferring a cautious stance. Regarding treasury yields, Isaac suggests investing in the front end of the curve whilst expecting future stabilization.

Turning to equities, he describes the present valuations as overextended and urges investors to tread carefully when considering rallying stocks, advocating for measures to guard against potential downturns in the next year.

(Source: Ausbiz)

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