Stock markets log fresh setback on ambiguity in US policy

08.08.2022

European shares were mostly in the red on Friday as investors digested a far stronger-than-expected US payrolls report.

"The July nonfarm payroll report delivered a juicy plot twist in the Wall Street's Fed pivot playbook," said Edward Moya, senior market analyst at Oanda.

"Stubbornly high inflation and a global economic slowdown was expected...