The soft patch in the US labor market has ended. Inventories boost Canada’s GDP. More near-term fiscal stimulus in the UK. Retail sales plunge in Germany. Japan’s labor market held up well despite state of emergency. Consumer spending contributes to upside GDP surprise in Australia.
The Market UK leads equity gains on fiscal boost. US and Canadian yields move sharply higher. The dollar catches a strong bid. Oil rallies after OPEC+ puts off supply increase.
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