In a selloff that started in Asia and sent Japan's Nikkei share index down 5.8%
LONDON, SINGAPORE – Global stocks were set to end a roller-coaster week in the red as investor anxiety about US growth combined with downbeat earnings weighing on tech stocks, while gold, government bonds and currencies seen as safe havens gained.
The market mood soured after weaker-than-expected US factory data on Thursday sparked fears the US Federal Reserve may have harmed the economy by holding benchmark borrowing costs at a 23-year high of 5.25%-5.5% for a year. Ahead of the keenly watched US non-farm payrolls report later in the day, money markets on Friday priced a 31% probability the Fed will cut rates by 50 basis points next month."The historical experience is that turnarounds in the labor market can occur quickly and brutally and that relatively moderate increases in unemployment have been enough to trigger recessions in the United States," SEB US economist Elisabet Kopelman said.
In currency markets, the yen added 0.3% to 149 per dollar as haven buying fuelled a recovery for the weakened Japanese currency buoyed up by the Bank of Japan's move on Wednesday to lift interest rates to levels unseen in 15 years.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
US-listed crypto stocks jump after Trump's pro-bitcoin speechUS-listed crypto stocks jump after Trump's pro-bitcoin speech
مزید پڑھ »
US employment, wage growth expected to moderate in JuneEconomists say the economy needs to create at least 150,000 jobs per month to keep up with growth
مزید پڑھ »
US rapper Snoop Dogg to carry Olympic torch ahead of Paris opening ceremonyAmerican rapper Snoop Dogg will carry the Olympic flame through Saint-Denis this Friday.
مزید پڑھ »
Greece fears water shortages after warmest winter everGreece water shortages loom after the warmest winter on record, sparking fears of an environmental crisis.
مزید پڑھ »
Asian stocks mixed amid volatile yen after Wall St climbs on inflation reportAsian stocks mixed amid volatile yen after Wall St climbs on inflation report
مزید پڑھ »
Japan snatch Olympic men's gymnastics gold after China stumble late onDaiki Hashimoto conjured up some late magic to help Japan win Olympic men's team gymnastics gold.
مزید پڑھ »