Good news on jobs scares US stockmarkets

June brought the best monthly US jobs growth of the year, but stockmarkets were not best pleased.

Woman with shopping bag © Getty Images

US consumer spending has remained robust
(Image credit: Woman with shopping bag © Getty Images)

June brought the best monthly US jobs growth of the year, notes Chris Matthews on MarketWatch, but stockmarkets were not best pleased. Shares fell back on the strong data at the end of last week amid worry that good jobs growth means interest-rate cuts by the Federal Reserve are less likely.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.