-- European stocks rose as traders prepared for a US payrolls report forecast to show employers slowed hiring last month, potentially easing pressure on the Federal Reserve to raise interest rates again.Miners were among the best performers in Europe’s Stoxx 600 index after news that a Chinese iron-ore buying agency was in talks with global suppliers. Royal Philips NV plunged as much as 10% after agreeing to further testing on certain sleep and respiratory care devices.
“Although both numbers haven’t been moving in tandem recently, the lower-than-expected ADP figures have given markets hope that September nonfarm payrolls will surprise to the downside,” said Julien Lafargue, chief market strategist at Barclays Private Bank. “Beyond the number of job creations, investors will pay close attention to wage growth figures and whether they confirm recent disinflationary trends.
Beaten-down bonds will make a comeback in 2024 when higher interest rates send the economy into a recession, according to Bank of America Corp.’s Michael Hartnett.
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:
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.
Stocks edge up as bond selloff takes a break: Stock market news todayWall Street stocks got a respite from the bond rout as investors increasingly accept the idea that the era of low interest rates is ending.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Dividend stocks out, energy stocks in for RBC quantitative analyst’s top 40 stock picksDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »
European stocks gain as US yields back downitemprop=description content=Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Premarket: European stocks gain as U.S. yield surge pausesDropping crude prices and softer-than-forecast U.S. labour data help bring U.S. Treasury yields down from 16-year highs
Source: globeandmail - 🏆 5. / 92 Read more »
The western love trade: gold stocksitemprop=description content=Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
S&P/TSX composite down as price of oil and energy stocks fall, U.S. stock markets upTORONTO — Canada's main stock index was down in late-morning trading as the price of oil fell and losses in energy stocks weighed on the market. The S&P/TSX composite index was down 56.87 points at 18,964.05.
Source: SooToday - 🏆 8. / 85 Read more »