3rd February 2022

  • U.S. Private Jobs Plunged Last Month on Omicron, ADP Data Show

Business payrolls slump 301,000, most since April 2020

Leisure and hospitality, trade and transportation lead decline

https://blinks.bloomberg.com/news/stories/R6OIHUT1UM12

  • Markets Face Next Big Test From U.S. CPI Data, UBS’s Kaiser Says

Kaiser flags uncertainty on impact of 7%-plus inflation print

He also says bulk of strong company earnings will have passed

https://blinks.bloomberg.com/news/stories/R6PAHCT1UM0W

  • Global Bonds Rally as Meta, Growth Concern Fan Demand for Havens

Treasuries rally across curve as U.S. stock futures slide

Markets are volatile as hike bets tussle with growth concerns

https://blinks.bloomberg.com/news/stories/R6PHY3T0AFB9

  • Yellen Puts Inflation Blame Elsewhere, Defends Biden Stimulus

On ‘transitory’ prices, could have used ‘maybe a better word’

Sees annualized monthly inflation at 2%-2.5% by year end

https://blinks.bloomberg.com/news/stories/R6OW6HDWLU7E

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For more information please contact Rubrics Asset Management. info@rubricsam.com.