Fears for U.S. rebound as the labour market, stimulus talks stall

  • Concerns that the U.S. economic recovery may be faltering sent a chill through global markets, hitting risk assets and supporting havens.
  • The yield on the U.S. 10-Year Treasury note fell to 0.56%. It has only ever closed below that level once, back in April. Gold futures, however, failed to break through the $1,900 level for the second day in a row.
  • The move was triggered on Thursday by a combination of a rise in weekly initial jobless claims and a fresh delay to the announcement of Republican plans for the next package of stimulus measures. These will now only be published next week, according to Senate Majority Leader Mitch McConnell.

(Source: Investing.com)