Straits Times Index
3,292.93 -3.96 (-0.12%) Nikkei
38,236.07 -37.98 (-0.10%) Hang Seng
18,475.92 +268.79 (+1.48%) FTSE 100
8,213.49 +41.34 (+0.51%) Bitcoin USD
63,238.77 +4,002.61 (+6.76%) CMC Crypto 200
1,359.39 +82.41 (+6.45%)
HANG SENG INDEX (^HSI)
| Previous close | 18,207.13 |
| Open | 18,543.30 |
| Volume |
| Day's range | 18,362.22 - 18,604.17 |
| 52-week range | 14,794.16 - 20,361.03 |
| Avg. volume | 2,740,856,360 |
The TelegraphInterest rate cuts could switch ‘from stroll to a sprint’ after US jobs surprise
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected.
- Reuters
GLOBAL MARKETS-Stocks jump, yields fall on hopes U.S. labor tightness ebbing
Wall Street followed global shares higher on Friday after news that U.S. nonfarm payrolls grew less than expected last month, easing investor anxiety that tight labor markets and stubborn inflation would not let the Federal Reserve cut rates soon. Treasury yields fell, as did the dollar, after the Labor Department said nonfarm payrolls increased by 175,000 jobs in April, healthy but short of expectations for an increase of 243,000, according to economists polled by Reuters. The unemployment rate stood at 3.9% compared with expectations that it would remain steady at 3.8%.
- Reuters
GLOBAL MARKETS-Investors bet weaker U.S. payrolls spur more Fed rate cuts
Global shares rose on Friday as investors bet that news of slower-than-expected U.S. non-farm payrolls jobs growth would give the Federal Reserve more reason to cut interest rates later in the year. U.S. interest rate futures priced in two cuts of 25 basis points apiece this year, perhaps starting in September, compared with just one cut being forecast before the jobs numbers were released ahead of Wall Street's opening bell. The data also sent U.S. stock futures sharply higher, building on an already bullish mood after news of Apple's record $110 billion share buyback.
