Week InReview: October 7, 2022

Going down.

Stocks in Asia are poised to open lower following declines in the US ahead of a pivotal monthly payrolls report. Equity futures for Australia, Japan and Hong Kong all declined after the S&P 500 sunk 1%. The US monthly jobs report is forecast to show employers added the fewest jobs in a month since late 2020. Meanwhile, Federal Reserve officials stressed support for extending the run of interest-rate hikes, highlighting the need to quash stubborn inflation. Almost half of US families surveyed by the Census Bureau found the recent rise in consumer prices to be “very stressful.”

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