Sydney — US and European stocks futures moved higher on Monday as Asian markets lagged, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.
Chinese blue chips managed a 0.6% gain after state media quoted Premier Li Keqiang as saying Beijing will cut banks’ reserve requirement ratios “in a timely way”. While headline US payrolls had underwhelmed in November, the survey of households was far stronger with a 1.1-million jump in jobs taking unemployment down to 4.2%.
For now, short-term Treasury yields are being pushed higher but the longer-end has rallied as investors wager an earlier start to hikes will mean slower economic growth and inflation over time and a lower peak for the funds rate. The US dollar hit 13-month peaks on the Australian and New Zealand dollars but its index was relatively steady on the majors at 96.214.
I'm so happy I took part on this opportunity with LindaStouffes fear didn't want me to proceed at first but I just said to let go and gave it try. may you continue to excel LindaStouffes
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.
US State Department phones hacked with Israeli company spyware - sourcesApple Inc iPhones of at least nine US State Department employees were hacked by an unknown assailant using sophisticated spyware developed by the Israel-based NSO Group, according to four people familiar with the matter.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Union federation boss targets tech industry as US labour’s next frontierGrouping comprising 12.5-million workers wants to enable more organizing under her leadership, says Liz Shuler
Source: BDliveSA - 🏆 12. / 63 Read more »