Scoreboard: First world problems

Strong US jobs data failed to drive risk on Wall Street, while the IMF thinks the developed world is set to again lead global growth.

Equity markets had a hard time deciphering the news and data flow last night. On one hand, things are looking up for the global economy and even the International Monetary Fund has apparently switched its view and no longer thinks that growth in the developed world will be constrained and will in fact lead world growth. I wouldn’t go that far myself, but its optimism on the developed world is welcome and as they say, better late than never.

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