Thumping data drives stocks and oil higher

World stocks and risk currencies have rallied on encouraging global economic data and assurances from US President Donald Trump that the US-China trade deal remains “fully intact” after confusion over its fate emerged. Jitters had struck Asian markets...

Wall St rallies on surprise US jobs data

Wall Street has surged after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the US economy is headed for a quicker-than-anticipated recovery. The Nasdaq breached its all-time closing high reached in February but pared its...

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...

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...

ASX to dip slightly ahead of GDP data

The Australian share market is expected to dip slightly, ahead of a big week of local economic data. The futures market suggests the benchmark S&P/ASX200 will fall 24 points at the start of trade on Monday. It comes after it closed on Friday down 95.4 points, or...