Eyes on China, US inflation, cenbank meetings in Canada, Europe

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Traders at the New York Stock Exchange. Global markets will screen through inflation data from the world’s top two economies this week.
Image Credit: AP

Dubai: Global markets will screen through inflation data from the world’s top two economies, China and the US, with central banks in Canada and Europe separately scheduled to meet this week to decide on interest rates going forward.

In the US, employment data was weaker than expected at an increase of 559,000, versus an expectation of 650,000, disappointing analysts and investors seeking hints determining the US Fed’s next move.

Canada had also released employment data, which indicated a drop of 68,000 jobs. Economists were forecasting a decline of 20,000 jobs for the month of…

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