NEW YORK/ LONDON - Equities around the world were attempting a comeback on Tuesday after the previous day's aggressive selloff while Treasury yields rose and the dollar was slightly higher as central banker comments countered recession fears.
Late on Monday San Francisco Fed President Mary Daly said the jobs report leaves"a little more room for confidence that we're slowing but not falling off a cliff". But she said it was"extremely important" to keep the jobs market from falling over.had lost 3% on Monday, while the Nasdaq slumped 3.43%, extending a recent sell-off as fears of a possible U.S. recession spooked global markets.
"You want to make sure it doesn't turn into a recession, that we're not slowing too quickly. But thus far the economic data this year is not recessionary."rose 399.02 points, or 1.03%, to 39,102.29, the S&P 500 gained 73.47 points, or 1.42%, to 5,259.80 and theMSCI's gauge of stocks across the globe rose 11.04 points, or 1.45%, to 773.12 after falling more than 3% on Monday, which was its third straight session of declines.
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