Sensex, Nifty Rise On Firm Global Cues; Bajaj Finance Shares Up 6%

Dollar Rises Sharply Against Major Counterparts After Upbeat Jobs Data

The U.S. dollar gained significant ground against several major currencies on Friday as an interest rate cut in September faded a bit after data from the Labor Department showed a stronger than expected increase in the nation's non-farm payroll employment.

RTTNews | 4j 19min yang lalu

U.S. Consumer Credit Climbs Much Less Than Expected In April

Consumer credit in the U.S. increased by much less than expected in the month of April, according to a report released by the Federal Reserve on Friday.

RTTNews | 6j 13min yang lalu

Why Do Economists Think Jobs Report Could Delay Fed Rate Cuts?

The strong set of employment figures released on Friday have sent market expectations for Fed rate cuts lower as the data pointed to a strong labor market and the increase in wages could add to the stickiness of inflation. Non-farm payroll employment surged by 272,000 jobs in May, data from the Labor Department showed Friday. Economists had forecast employment growth of about 185,000 jobs.

RTTNews | 6j 54min yang lalu

Swiss Market Ends Marginally Up

The Switzerland market ended slightly higher on Friday after a choppy session, as investors largely refrained from making significant moves.

RTTNews | 7j 18min yang lalu

European Stocks Close Lower As Investors Move Past ECB Rate Cut, Digest U.S. Jobs Data

European stocks closed lower on Friday as the euphoria over an interest rate cut by the European Central Bank subsided a bit, and expectations of an early interest rate cut by the Federal Reserve faded a bit after data showed a much stronger than expected growth in U.S. non-farm payroll employment in May.

RTTNews | 7j 29min yang lalu

U.S. Dollar Higher As Rate Cut Bets Ease After Strong Jobs Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, as stronger-than-expected jobs data for May reduced hopes of an interest rate cut by the Federal Reserve in September.

RTTNews | 7j 35min yang lalu

Canadian Market Weighed Down By Losses In Materials Sector

The Canadian market is down in negative territory around noon on Friday, weighed down by losses in materials section due to weak metal prices. Investors are also digesting the jobs data from Canada and the U.S.

RTTNews | 9j 19min yang lalu

Eurozone Economy Recovers On Household Spending, Trade

The euro area economy recovered as initially estimated in the first quarter, driven by household spending along with favorable net exports, the latest data from Eurostat showed on Friday. Gross domestic product grew 0.3 percent sequentially, reversing the 0.1 percent fall in the final quarter of 2003. The rate confirmed the second estimate published on May 15.

RTTNews | 10j 46min yang lalu

EURUSD	1.0816	GBPUSD	1.2721	AUDUSD	0.65344
USDJPY	156.644	USDCAD	1.37375	USDCHF	0.8962