Saturday, 05 Sep 2020 07:25 AM MYT
US job growth slowed in August as financial aid from the government was depleted, with nonfarm payrolls increasing by 1.371 million jobs versus 1.734 million in the prior month. Expectations were for the addition of 1.4 million jobs. The unemployment rate fell to 8.4 per cent from 10.2 per cent. The Dow Jones Industrial Average fell 159.42 points, or 0.56 per cent, to 28,133.31, the S&P 500 lost 28.13 points, or 0.81 per cent, to 3,426.93, and the Nasdaq Composite dropped 144.97 points, or 1.27 per cent, to 11,313.13.The pan-European STOXX 600 index lost 1.13 per cent to close down 2.03 per cent on the week. MSCI’s gauge of stocks across the globe shed 0.95 per cent to end the week and give the index its biggest weekly percentage drop since mid-June.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ruble, stocks fall as Novichok claim hits Russian economy | Malay MailMOSCOW, Sept 3 — Russia’s economy was under pressure today as calls mounted for new Western sanctions over Germany’s revelation that opposition leader Alexei Navalny was poisoned with a Novichok nerve agent. Berlin’s announcement yesterday sent the ruble plunging to its lowest level since...
Source: malaymail - 🏆 1. / 86 Read more »
Stocks climb as recovery hopes gather strength | Malay MailLONDON, Sept 2 — Shares gained strongly today as investors bet that improving economic data and more policy stimulus from Washington would add momentum for equities. European stocks gathered steam through morning trading, gaining 2.1 per cent and were set to snap four straight days of losses....
Source: malaymail - 🏆 1. / 86 Read more »
Stocks rally on recovery, stimulus hopes; dollar gains | Malay MailNEW YORK, Sept 3 — A gauge of global stocks rallied about 1 per cent to an intraday record yesterday as investors looked to improving economic data and US congressional negotiations for more stimulus to support the rebound from coronavirus-fuelled lockdowns. On Wall Street, each of the three...
Source: malaymail - 🏆 1. / 86 Read more »
S.Korea plans to create US$17b fund for ‘New Deal’ economic initiatives | Malay MailSEOUL, Sept 3 — South Korea’s finance ministry said today the government plans to create a 20 trillion won (RM69.7 billion) fund over the next five years for President Moon Jae-in’s “New Deal” programme. The fund, aimed at financing economic initiatives that invest in technology sectors...
Source: malaymail - 🏆 1. / 86 Read more »