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U.S. Job Growth Falls Short Of Estimates In October
After reporting much stronger than expected job growth in the previous month, the Labor Department released a report on Friday showing U.S. employment rose by less than expected in the month of October. The closely watched report said employment climbed by 150,000 jobs in October after jumping by a revised 297,000 jobs in September. Economists had expected employment to increase by 180,000 jobs.
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Tobacco, E-Cigarette Use Among High School Students Drop: FDA, CDC
Overall tobacco product use among U.S. high school students declined in 2023, primarily attributable to reduced e-cigarette use, the U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC said, citing the 2023 National Youth Tobacco Survey or NYTS. Meanwhile, there was an increase in current overall tobacco product use and multiple tobacco product use...
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U.S. Employment Climbs Less Than Expected In October
After reporting much stronger than expected job growth in the previous month, the Labor Department released a report on Friday showing U.S. employment rose by less than expected in the month of October.
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Bay Street Likely To Open On Subdued Note; Canadian, U.S. Jobs Data In Focus
Although slightly sluggish Canadian and U.S. futures, and subdued European stocks point to a muted start on Bay Street Friday morning, Canadian and U.S. jobs data hold the key for the market's direction.
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Euro Higher On Bets Of Peak Interest Rates
The euro climbed against its major counterparts in the European session on Friday, as weak U.S. economic data released overnight spurred bets that the Federal Reserve was done with its rate hikes for the year.
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Societe Generale Q3 Profit Hit By French Retail Issues
French financial service provider Societe Generale S.A. reported Friday a sharp drop in its third-quarter profit amid weak revenues. According to the company, the net result was penalized by the negative effect of short-term hedges on net interest income in French retail, the impact of which peaked in the third quarter.
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UK Service Sector Logs Another Contraction In October
The UK service sector shrank for the third straight month in October as the cost of living pressures, high interest rates and weak consumer sentiment curbed demand, survey data published by S&P Global and the Chartered Institute of Procurement & Supply showed Friday. At 49.5, the services Purchasing Managers' Index rose from 49.3 in September. The flash reading was 49.2.
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Sensex Tops 64,350 On Rate Optimism; Nifty Ends At 19,230
Indian shares eked out modest gains on Friday to extend Thursday's rally on optimism that major central banks including the Federal Reserve, Bank of England and the European Central Bank are nearly done with interest rate hikes.
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European Shares Inch Higher On Bets Of Peak Interest Rates
European stocks traded higher on Friday as weak U.S. economic data released overnight spurred bets that the Federal Reserve was done with its rate hikes for the year.
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FTSE 100 Gains Ahead Of US Payrolls Data
U.K. stocks edged higher on Friday as weak U.S. economic data spurred bets that the Federal Reserve was done with its rate hikes for the year.
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CAC 40 Rises Ahead Of US Jobs Data
French stocks were seeing modest gains in cautious trade on Friday amid optimism around peak global rates and ahead of the all-important U.S. jobs data due later in the day.
Investors shrugged off data showing that industrial production in France fell for the second successive month in September.
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DAX Modestly Higher On Rate Optimism
German stocks eked out modest gains on Friday amid optimism that major central banks are nearly done with interest rate rises.
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Asian Shares Climb As US Rate Worries Ease
Asian stocks rallied on Friday as the Fed's steady monetary policy approach coupled with labor market data released this week and a lower-than-expected supply of longer-dated bonds raised hopes that the U.S. central bank has finished raising rates.
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