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Daily Alert: US labour market strength continues

  • US Non-farm Payrolls (employment) rose by 943,000 in July, which was much stronger than expectations of a lift closer to 870,000.
  • US sharemarkets were mixed on Friday while the New Zealand sharemarket lifted 0.1% on Friday, and 1.4% over the week.
  • In the US the focus will be on the July inflation print Wednesday while locally, July electronic card spending data are due tomorrow.

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