Stocks jump as jobs data soothes US recession worries | The Malaysian Insight

Oil prices rise, with the main US contract rising back above US$70 per barrel, lifted by strong jobs data. – AFP pic, May 6, 2023.

DATA showing that the US economy added more than a quarter of a million jobs last month soothed recession worries yesterday, bringing a rebound in stocks including for troubled midsized American banks. Just a day before, equities took a lashing over worries surrounding the economic impact of interest rate hikes – including on smaller US lenders.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

Россия Последние новости, Россия Последние новости

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

US stocks fall after latest Fed rate hike as oil prices slide | The Malaysian InsightAttention now shifts to today's European Central Bank meeting.
Источник: msianinsight - 🏆 8. / 63 Прочитайте больше »

European stocks drop after Fed, with ECB in focus | The Malaysian InsightAnalysts fear persistently high interests rates could be like a sledgehammer on the US economy.
Источник: msianinsight - 🏆 8. / 63 Прочитайте больше »

Asian stocks mixed after Wall Street slide | The Malaysian InsightSlump driven by renewed fears of banking sector turmoil.
Источник: msianinsight - 🏆 8. / 63 Прочитайте больше »