Shares were higher in New York, extending earlier modest gains. US bond yields rebounded as traders pared what had become somewhat aggressive 2024 rate cut expectations.
Still, overall sentiment was positive as there’s little evidence yet of a recession anytime soon. The November jobs data pointed to enduring strength in the US labour market, and consumer sentiment lifted too.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
