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U.S. Dollar Ticks Higher Amid Fed Rate Hike Expectations Following Nonfarm Payrolls Release
The U.S. Dollar value inched higher following the release of stronger-than-expected August U.S. nonfarm payrolls numbers which spiked the expectations for a rate hike by the U.S. Federal Reserve in the near-term. However, the slide in crude oil prices due to the absence of any fresh strikes in the gulf, lowered inflationary pressure and weighed on the dollar.
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1 day ago
TSX Headed For Weak Close; Strong U.S. Jobs Data Fuels Fed Rate Hike Bets
The Canadian market, which briefly moved above the flat line around late morning on Friday after staying weak following a negative start, retreated subsequently as stocks from materials and energy sectors shed ground. Stronger than expected U.S. jobs data raised possibilities of a rate hike by the Federal Reserve this month.
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2 days ago
Swiss Market Ends Flat
The Switzerland market's benchmark index SMI ended little changed on Friday after moving along the flat line for much of the day's session, as investors largely refrained from making big moves, choosing to wait for some clear catalysts.
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2 days ago
Major European Markets Close Roughly Flat After Lackluster Session
The major European markets closed little changed on Friday after a lackluster session as investors refrained from making big moves. Persisting concerns about Middle East tensions and possibility of interest rate hikes from the Federal Reserve and the European Central Bank rendered the mood cautious.
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2 days ago
U.S. Job Growth Far Exceeds Estimates In August
Employment in the U.S. increased by far more than economists had expected in the month of August, according to a closely watched report released by the Labor Department on Friday. The report said non-farm payroll employment surged by 162,000 jobs in August are rising by an upwardly revised 21,000 jobs in July. Economists had expected employment to climb by 55,000 jobs.
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2 days ago
Futures Point To Weak Start On Bay Street; Canadian, U.S. Jobs Data Hold The Key
Lower Canadian and U.S. futures, and weak commodity prices suggest a weak start for the Canadian market on Friday. However, jobs data form Canada and the U.S. hold the key.
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2 days ago
U.S. Employment Jumps Far More Than Expected In August
Employment in the U.S. increased by far more than economists had expected in the month of August, according to a closely watched report released by the Labor Department on Friday.
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2 days ago
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Indian Shares Snap Four-day Losing Streak
Indian shares closed higher on Friday, with benchmark indexes snapping a four-day losing streak, as dovish comments from Federal Reserve Governor Christopher Waller prompted traders to scale back expectations of a Federal Reserve rate increase this month.
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2 days ago
U.K. Stocks Subdued Ahead Of U.S. Jobs Data; Construction PMI Misses
U.K. stocks traded lackluster Friday with the FTSE 100 down 0.03%, as investors awaited U.S. payrolls data for Fed policy signals. UK Construction PMI eased to 44.3 in August, missing the 45.5 forecast, signaling sector weakness.
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2 days ago
French Stocks Mixed In Cautious Trade
French stocks turned in a mixed performance on Friday as investors made cautious moves, looking ahead to U.S. nonfarm payrolls data for clues on Federal Reserve's interest rate path. Data showing a faster contraction in construction activity in France weighed on sentiment.
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2 days ago
Gold Subdued Ahead Of US Jobs Report
Gold was subdued on Friday but headed for a modest weekly gain on easing Fed rate-hike expectations.
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2 days ago
Tesla Begins Steering-wheel-free Cybercab Robotaxi Rides In Austin
Electric-vehicle major Tesla Inc. has started offering Cybercab rides in limited areas of Austin, Texas. The two-seater vehicle comes without a steering wheel or pedals. The exclusive Cybercab launch event was conducted in Austin on Thursday for the golden, butterfly-door cars.
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2 days ago
German Stocks Rise On Volkswagen Restructuring; Factory Orders Beat
German stocks advanced Friday as Volkswagen surged following board approval of its 'Future Plan 2030' restructuring program. The DAX rose 0.05% to 26,020.97. Factory orders growth and improved construction data supported market gains, though geopolitical tensions and ECB rate hike prospects limited upside.
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2 days ago
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