Weak US jobs report lifts global stocks, European indexes set records

boursorama.com (French)

US July employment fell by 23,000 jobs versus expectations of 83,000, sending global stocks higher Friday as inflation concerns eased. Unemployment hit 4.1% versus 4.2% expected, with wages showing no inflationary pressure. Market odds of a September Fed rate hike fell to about 44% from 55%, as European indexes set records. Brent crude fell 0.73% to $81.89, reinforcing easing price pressures. President Trump promised the Strait of Hormuz could reopen soon, while Saudi Arabia, Pakistan and Turkey signed a defense pact.


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Weak US jobs report lifts global stocks, European indexes set records | News Minimalist