With substantial wage growth still absent from the June US non-farm payrolls report, markets may now 'pivot' from jobs data to inflation. Stephen also comments on how the global tightening chorus by major central banks could impact monetary policies in emerging economies.

<p>With substantial wage growth still absent from the June US non-farm payrolls report, markets may now 'pivot' from jobs data to inflation. Stephen also comments on how the global tightening chorus by major central banks could impact monetary policies in emerging economies.</p>

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