Stocks gain, US short-dated debts under pressure after bumper US jobs data

Global stock prices rose to a 1 1/2-month high on Monday after data showing a surge in U.S. employment while short-dated U.S. bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it has indicated.

MSCI's all-country world index was almost flat but stood near its highest level since late February and within sight of a record high set that month. While employment remains 8.4 million jobs below its peak in February 2020, an accelerating recovery raised hopes the all the jobs lost during the pandemic could be recouped by the end of next year.

The two-year U.S. Treasury yield rose to 0.186per cent, near its eight-month peak of 0.194per cent touched in late February.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stocks gain on US recovery prospects but dollar pauses for breathSINGAPORE: Asia's stock markets rose on Tuesday (Apr 6) as another batch of strong US economic data bolstered the global outlook, while currency ...
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

Global stocks rally into US jobs report amid surging commodity pricesGlobal stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key U.S. jobs report later ...
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

Apple boosts US investment pledge to US$430 billionSAN FRANCISCO: Apple announced Monday (Apr 26) it plans to boost its investment plans in the United States to US$430 billion over the next five ...
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »