London — European shares slipped on Friday but held most of the previous session’s gains as investors welcomed the US Senate’s temporary lifting of the debt ceiling and awaited crucial jobs data due later in the session.
By 8.20am GMT, the Euro Stoxx 50 was 0.23% weaker, while the German DAX dropped by a similar amount. Britain’s FTSE 100 rose 0.1%. In Asia, the main share benchmark was supported by advances in Chinese blue chips which rose 1.07% as trading resumed after the weeklong National Day holiday. The improved sentiment partly stemmed from a private sector survey that showed China’s services sector activity returned to growth in September.
Supporting risk sentiment was the US Senate’s approval of legislation to temporarily raise the federal government’s debt limit and avoid the risk of a historic default, though it put off until early December a decision on a longer-lasting remedy. According to a Reuters survey of economists, nonfarm payrolls likely surged by 500,000 jobs last month, which would leave the level of employment about 4.8-million jobs below its peak in February 2020.
One of the best things I love about investing with markdonaldlisaT is that you only see positive results and see good winnings at all times from the platform. Just hard work, passion and revolutionizing the market as we know it.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks take a beating on growing inflation angstBond yields spike and dollar strengthens as rising energy prices spark fresh concern that interest rates are set to rise
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE tracks global markets lowerInvestors are growing increasingly concerned about rising energy prices and their effect on inflation globally
Source: BDliveSA - 🏆 12. / 63 Read more »