Wall Street jumps on surprise US job data

Wall Street jumps on surprise US job data

US stock indexes have jumped, with the Nasdaq Composite less than 1.0 per cent away from a record high, after a closely watched report showed surprise job additions in May, lending weight to hopes of a faster economic rebound from a coronavirus-led slump. Data from...
Wall Street jumps on surprise US job data

Asia’s stock rally pauses before US data

Asian stocks were poised for their biggest weekly rise in more than eight years on Friday while the euro hovered near a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound. The equities rally prompted...
Wall Street jumps on surprise US job data

Services, business conditions ease in May

Most businesses across services sectors in Australia continued to see reduced activity in May, although the growth of decline slowed. The Australian Industry Group Australian Performance of Services Index rose by 4.5 points to 31.6 points in May, indicating another...