HONG KONG (AFP): Oil prices extended their rally Wednesday (June 2) on growing expectations for demand as the global economy recovers, though equity investors trod a more cautious line as inflation fears continue to cast a shadow over trading floors.
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U.S. labor markets shortages could slow growth, while stoking inflation through higher wages, as the economy moves into its post-pandemic recovery phase.
U.S. equity futures traded mixed Wednesday, with investors easing back from risk markets ahead of three key job market readings this week that could establish whether shortfalls in the labor force will slow the economy s post-pandemic rebound and add to inflation pressures.