The Globe and Mail reports in its Monday edition that U.S. investors rattled by last week's sharp tech sell-off will closely watch upcoming jobs data for signs of continued economic resilience, which could fuel inflationary concerns already stoked by President Donald Trump's policies. A Reuters dispatch to The Globe says the January non-farm payrolls report due this week will signal whether the labour market remains buoyant despite high borrowing costs. The Federal Reserve left interest rates unchanged last week, citing a strong economy and inflation still above its 2-per-cent target. Markets will also be on alert for hints of economic overheating, which could exacerbate fears that Mr. Trump's trade and immigration policies could reignite inflation. Last month stocks sold off after a December jobs report reinforced bets the Fed would ease rates slowly this year. Stocks again tumbled early last week as Chinese start-up DeepSeek's budget-friendly artificial-intelligence model fuelled fears that U.S. tech giants might be overpriced. Quarterly financial results from Alphabet and Amazon are on deck this week, following a mixed bag of earnings reports from other members of the so-called Magnificent Seven tech stocks.
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