News Formal

Stocks cheer prospects for low rates as oil jumps on pipeline outage

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Via InquirerUSA Stocks cheer prospects for low rates as oil jumps on pipeline outage

“A statistical fluke and/or a temporary pause in labor market demand is the likeliest culprit for this report. However, the Federal Reserve cannot afford to adjust policy without concrete proof of a stronger labor market recovery,” said Natixis economist Troy Ludtka.

U.S. President Joe Biden said after the report that the figures showed the economy was not at risk of overheating and underscored how vital his administration’s economic actions are. The British pound jumped to the highest in more than two months against the greenback, but traders said worries about Scottish independence could curb sterling’s gains. It was last up 0.5% at $1.406.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Philippine stocks: Gainers, losers, market-moving news – May 2021
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Inside the Industry x Kumu: World music with EnchantingKumu's Enchanting shows us that even niche genres like world music can reach wide audiences thanks to streaming! Hustle HustleEveryday
Source: rapplerdotcom - 🏆 4. / 86 Read more »