Jobs report shows cooling but not cracking

"Valuations are stretched but not absurd," one strategist wrote in a note to clients.

Why it matters

Diversified, low-cost index funds remain the default recommendation for most long-term savers.

The bond market is pricing two rate cuts by year-end, down from four in January.

What happens next

Employers added 210,000 jobs, while wage growth slowed slightly.

• Shares rose 4% in early trading after the company raised full-year guidance on stronger-than-expected margins.
• The next inflation print lands on Thursday and will shape the tone into the central bank meeting.

Figures are in local currency unless stated.