Global stock markets and Wall Street futures are mixed ahead of an update on the health of the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation.
Futures on the S&P 500 fell 1% after being slightly higher just before the Labor Department released its latest employment figures, which showed a gain of 528,000 jobs, compared with an expectation for a gain of 250,000 jobs.
Markets in London, Paris and Frankfurt were lower while Shanghai and Tokyo advanced. Oil prices fell back. Fed officials have tried to calm fears the United States might tip into a recession by pointing to a strong job market as evidence the economy can tolerate higher borrowing costs. The Nikkei 225 in Tokyo gained 0.9% to 28,175.897 after June labor cash earnings rose 2.2% over a year ago, though forecasters warned that strength was unlikely to last. Much of the increase was due to half-yearly bonuses that are paid in June.India's Sensex rose 0.1% to 58,381.11 after the Reserve Bank of India
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Treasury Yields Slightly Higher Ahead of Key Jobs ReportInvestors are closely monitoring the health of the U.S. economy after recent numbers showed a second consecutive quarterly contraction in growth.
Read more »
S&P 500 Futures flirt with two-month top, yields stabilize as economic fears precede US NFPS&P 500 Futures flirt with two-month top, yields stabilize as economic fears precede US NFP – by anilpanchal7 SP500 Futures YieldCurve Recession NFP
Read more »
Asian markets rise modestly ahead of U.S. jobs dataAsian stock markets rose Friday ahead of an update on the health of the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed...
Read more »
Red states recovering faster from pandemic economy than blue statesSince the pandemic began, red states have added 341,000 jobs to their pre-COVID numbers according to numbers from the Department of Labor while blue states are still 1.3 million jobs short.
Read more »
Code Red Hot Weather Emergency Issued Until 8 P.M. In Montgomery CountyCode Reds are issued when the heat index is expected to be 100 degrees or more, which can be deadly.
Read more »
US Dollar Forecast: DXY Index, USD/JPY Rates Find Support – For NowThe US Dollar's (via the DXY Index) rebound in recent days has been catalyzed by familiar forces: US Treasury yields turning higher as near-term Fed rate hike odds increase.
Read more »