World shares recover after US jobs report

By Tom Wilson
Updated August 8 2022 - 10:08pm, first published 9:56pm
The MSCI world equity index, which tracks shares in 47 countries, has added 0.2 per cent. (AP PHOTO)
The MSCI world equity index, which tracks shares in 47 countries, has added 0.2 per cent. (AP PHOTO)

Global stock markets gained ground on Monday, recovering from losses sparked by a strong US jobs report last week that bolstered the case for sharp interest rate hikes, while the dollar weakened and government bond yields fell.

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