US shares weaker on tech forecasts. UK markets judge budget.

Friday 1st November 2024

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Some big market moves overnight, with sharp falls in US equities.  Markets are clearly not impressed with the forecasts that came with the strong earnings results this week. In the UK bond yields are markedly higher, particularly at the front end. NAB’s Skye Masters says there are concerns that the extra spending could boost inflation.  The focus now is on tonight’s US jobs data, before a week that includes THAT election.

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