Global stocks rebounded after US jobs report heavy selling

Euro Stoxx gains 0.8% Wall Street braces for gains Markets are narrowing down the odds for a 75 basis point rise ahead of the US CPI. The dollar goes down Oil compensates for its early losses, and tries to rise LONDON/SYDNEY (Reuters) – Stocks rose on Monday, recovering after a strong US jobs report last … Read more

US labor market defies recession fears as job growth picks up in July

Nonfarm payrolls increased 528,000 in July The unemployment rate fell to 3.5% from 3.6% in June Average hourly earnings are up 0.5%; 5.2% increase year over year Participation rate fell to 62.1% from 62.2% in June WASHINGTON (Reuters) – U.S. job growth unexpectedly accelerated in July, raising employment above its pre-pandemic level and pouring cold … Read more

Stocks rise ahead of US jobs data

Asian stocks brace for third consecutive week of gains Taiwan tops Asian gains. US European stock futures rise Treasury yield curve remains sharply inverted Oil is approaching its lowest level in six months HONG KONG (Reuters) – Asian shares rose on Friday, ahead of US jobs data that will provide further evidence of the health … Read more

Oil falls with dollar on recession fears; Wall Street ends mixed

Oil hits lowest level before Ukraine as demand outlook deteriorates The Bank of England predicts a recession throughout 2023 Treasury yield curve inversion deepened The dollar falls, the pound falls against the euro OTTAWA (Reuters) – Crude oil fell along with Treasury yields and the dollar on Thursday as recession fears escalated after the Bank … Read more

Wall Street closed mixed as investors eye jobs data

Indices: Dow Jones shed 0.26%, Standard & Poor’s shed 0.08%, Nasdaq shed 0.41%. Energy stocks fall as oil drops to pre-war level in Ukraine Eyes on Friday’s Non-Farm Payrolls Report (Reuters) – Wall Street’s main indexes closed mixed in a dull session on Thursday as gains in high-growth stocks offset losses in energy stocks, as … Read more