[NEW YORK] Stock markets slid Friday as better-than-expected US job data clouded investors' hopes for steep cuts in interest rates in the world's biggest economy.
Normally, financial markets should take heart from a stronger US economy, demonstrated by the latest jobs data -- with 224,000 new positions created last month, well in excess of forecasts. "Since German factory orders were nothing short of disastrous, the divergence between the domestic economy and the rest of the world is well and alive," Berman said in a note.
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South Korea: Stocks snap 4-day losing streak as US rate cut bets rise[SEOUL] South Korean stocks snapped a four-session losing streak to end higher on Thursday, boosted by rising hopes of a rate cut by the US Federal Reserve, in a choppy session due to caution ahead of Samsung Electronic's second-quarter results. Read more at The Business Times.
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Brazil: Markets rally, stocks hit new high as pension reform clears key hurdle[BRASILIA] Brazilian markets rallied on Thursday and stocks hit the highest level on record, as the government's cornerstone pension reform bill cleared a key congressional hurdle. Read more at The Business Times.
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Tokyo: Stocks open flat with eyes on US jobs data[TOKYO] Tokyo stocks opened flat on Friday in cautious trade ahead of closely watched US jobs data. Read more at The Business Times.
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Tokyo: Stocks edge up with eyes on US jobs data[TOKYO] Tokyo stocks closed marginally higher on Friday in cautious trade ahead of closely watched US jobs data. Read more at The Business Times.
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World stocks cling to gains, bonds hover ahead of US payrollsWorld stocks clung to their 17-month highs on Friday and bonds paused after this week's rally ahead of U.S. jobs data, a gauge that could stoke or ...
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