Now that's a reality check
Payrolls, tariffs rock markets Audio Articles now available! Download the Reuters App. Trading Day Trading Day Making sense of the forces driving global markets By Jamie McGeever, Reuters Open Interest Markets Columnist Well, well, well. In a week jam-packed with global tariff, earnings, data and policy fireworks, the most explosive was kept for last - July's U.S. employment report , which shattered the optimism - or complacency - building around the U.S. economy and stock market. Weak job growth, together with the latest wave of steep tariffs imposed by U.S. President Donald Trump, triggered a huge selloff in global stocks and the dollar on Friday, floored bond yields, and revived expectations of a Fed rate cut next month. I'd love to hear from you, so please reach out to me w...