Wall Street closed little changed on Friday after a volatile session as investors tried to comprehend how a robust jobs report would influence the Federal Reserve and its plans to aggressively hike interest rates.
Wall Street's main indexes were set for a lower open on Friday after stronger-than-expected jobs data added to expectations of another big rate hike by the U.S.
Italy's labour market was hit harder than those of most of its European Union peers during the COVID-19 crisis of 2020 and 2021, widening the employment gap compared with the EU average, national statistics bureau ISTAT said on Friday.
As U.S. companies open their books on the second quarter in the coming weeks, investors increasingly worried about a recession will be anxious to hear what executives say about how demand is holding up in the face of higher costs.
Italian economic growth was probably strong in the second quarter but could slow or even stop in the coming months as inflationary pressures rise, Economy Minister Daniele Franco said on Friday.
Recession worry-warts did not find much to fan their anxiety in Friday's stronger-than-expected U.S.
U.S. analysts and economists will be watching to see how banks' mortgage businesses are faring during their second-quarter earnings this month, as U.S.
The upcoming corporate earnings season could prompt another sharp fall in global share prices with profit forecasts looking far too upbeat given mounting recession risks, investors and analysts warn.
U.S. employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor market strength that give the Federal Reserve ammunition to deliver another 75-basis-point interest rate hike this month.
U.S. employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor market strength that give the Federal Reserve ammunition to deliver another 75-basis-point interest rate hike this month.
Wall Street ended the day flat on Friday as Treasury yields jumped following a stronger-than-expected U.S.
Wall Street ended the day flat on Friday as Treasury yields jumped following a stronger-than-expected U.S.
European shares edged higher on Friday and were set for a small weekly gain as investors waited for U.S.
European shares opened slightly lower on Friday and struggled to make gains after the shooting of Japan's former prime minister caused a pullback in Asian shares, while investors waited for key U.S.
Asian shares tracked overnight Wall Street gains in early trading on Friday as fears of an economic slowdown cooled and sterling began to claw back recent losses following British Prime Minister Boris Johnson's decision to resign.
The U.S. dollar was little changed against a basket of currencies on Friday ahead of the weekend following a choppy session that saw the greenback posting both gains and losses after data showed the world's largest economy created more jobs than expected in June.
The Japanese yen and the U.S. dollar rose in Asia on Friday as investors leapt to safe assets after former Japanese prime minister Shinzo Abe was shot, and as market jitters grew ahead of highly anticipated U.S.
The euro was pinned at a 20-year low on Friday, licking its wounds at the end of its worst week in two months as investors braced for Europe to tip in to recession, while markets awaited U.S.
The Japanese yen rose by nearly half a percent against the U.S.
Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even as global fuel supplies remained tight.
Oil prices rose about 2% in volatile trade on Friday but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even though global fuel supplies remained tight.
Oil rose in volatile trade on Friday but was still heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies.
Oil prices edged slightly higher in volatile Asian trade on Friday, reversing earlier losses as the market weighed up the tight global supply concerns against recession fears.
Oil prices slipped in Asian trade on Friday as recession fears continued to weigh on sentiment, though worries over tight global supplies capped price declines.
Oil prices slipped in early Asian trade on Friday, following a rebound in the previous session, as investors remained torn between worries over tight global supplies and fears a recession could dampen oil demand.
Japan's household spending posted a surprise drop in May, falling for the third consecutive month in a worrying sign for the long-term outlook of the world's third-largest economy.
The Reserve Bank of New Zealand will deliver a third successive half-point interest rate hike on Wednesday and a fourth next month in its most aggressive policy tightening on record to control soaring inflation, a Reuters poll found.
Growing worries about a potential recession in the United States are tempting some investors back into the Treasury market, despite bruising declines in U.S.
Two of the Federal Reserve's most vocal hawks on Thursday said they would support another 75 basis-point interest rate increase later this month but a downshift to a slower pace afterward, even as both downplayed the risk of higher borrowing costs pushing the U.S into recession.
The U.S. Export-Import Bank plans "aggressive" measures to restore its standing in the business community and to bump up credit volumes running at roughly a quarter of their levels from 2014 before it was hobbled first by Congress and then a global pandemic, the bank's new president said.
