Investor Jitters As Soft Landing Recedes
Yeap Jun Rong, Market Strategist, IG International
05-Aug-24 07:00
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The July non-farm payrolls signalled a weaker US labour market than anticipated, triggering a massive sell off of US equities on Friday. In just a few days, market narrative has flipped from a soft landing to looming recession. Are investors overreacting? Yeap Jun Rong of IG International weighs in on these developments.
Image Credit: shutterstock.com
Produced by: Shazana Mokhtar
Presented by: Shazana Mokhtar, Philip See
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Tags: us labour market, us equity markets, federal reserve, u.s. non-farm payrolls,