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WASHINGTON (Reuters): US job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.
NEW YORK: U.S. stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes, following an unexpectedly strong U.S. payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting
WASHINGTON: U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
NEW YORK: Even as record highs last week in the major US stock indexes telegraph confidence on Wall Street, caution abounds in other US markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets.
SYDNEY: Asian shares slipped on Monday as investors wagered on a less aggressive policy easing in the United States, while the Turkish lira held near two-week lows after the country's president dismissed its central bank governor over the weekend.
SINGAPORE: Southeast Asian stock markets fell on Monday, with Singapore shedding 1%, as strong US jobs data for June tempered hopes of sharp rate cuts by the US Federal Reserve.
LONDON: There will be no chance of a summer break for investors or policymakers in coming days as they brace for what might be the busiest week for the world economy this year.