Good morning. Markets are expected to be muted today, bracing for the release of US jobs data later which could offer clues about whether investors should expect a pullback in central bank stimulus. Last month’s jobs data fell far short of expectations, taking economists by surprise.
Analysts are tying muted movements in global markets over the past few days to concerns about inflation. “The market is digesting strong economic data with some inflationary pressures and factoring in whether this will change the timing of Fed tapering and how to factor that into stock prices,” Brad Neuman, director of market strategy at Alger in New York told Reuters.
5 things to start your day
1) Rishi Sunak ramps up pressure on US over big tech taxes: Rishi Sunak has used his first face-to-face meeting with the US Treasury Secretary Janet Yellen to demand a crackdown on big tech tax avoidance.
2) Norway poised to sign post-Brexit trade deal with Britain: Norwegian media says a deal could be announced on Friday, but British sources warn it could take a little longer
3) Founder of…
