AP - Stock markets rose Friday ahead of the release of key U.S. jobs data, which markets use to gauge the health of consumer spending in the world's largest economy in the run-up to the year-end holiday season.
Stock markets rose Friday ahead of the release of key U.S. jobs data, which markets use to gauge the health of consumer spending in the world's largest economy in the run-up to the year-end holiday season.
European shares fell modestly, Asian equities declined for the first day in three, and US equity futures were unchanged before the December U.S. nonfarm payrolls report. China’s offshore yuan fell the most in a year to pare a record weekly rally, while Mexico’s peso climbed after the central bank sold dollars. Oil was trading lower in early trading.
NEW YORK: The dollar pared gains after hitting an 8-1/2-month high against major currencies on Monday, while the prospect of further European Central Bank stimulus dragged the euro, and oil futures fell on worries about a growing supply glut. Global stock markets were mixed, with Wall Street ending the session lower ahead of a crucial payroll report Friday, while European shares finished higher. The three major US indexes ended November higher for a second straight month.
NEW YORK: Apple weighed heavily on all major US stock indexes on Tuesday as it fell for the fifth straight day, while oil steadied a day after a broad measure of commodity prices hit a 12-year low. Apple stock, down 3.1 per cent on Tuesday, is off near 15 per cent from its record high set in late April. Stocks and the dollar were little changed. US crude rose and copper edged up but the outlook for commodities continued to be clouded by concerns over a slowdown in China, the world's second-largest economy.