The US dollar strengthened on Thursday as escalating geopolitical tensions in the Middle East boosted its safe-haven appeal. Meanwhile, the British pound fell after the Bank of England cut interest rates from a 16-year high. …
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Global Stocks Surge on Strong US Jobs Data, UK Labour Wins Landslide Victory
Global stocks climbed on Friday, with US Treasury yields dipping after a strong jobs report boosted expectations of a Federal Reserve interest-rate cut. The S&P 500 and Nasdaq hit fresh closing highs, led by communication …
Continue readingUS Job Market Shows Resilience Despite Slowing Growth
The US economy added a healthy 206,000 jobs in June, demonstrating its ability to withstand high interest rates. While this represents a slight dip from May’s 218,000 job gain, the solid increase reflects the strength …
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