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.
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.
Tokyo (AFP) - Japanese inflation fell back to zero in July while household spending dropped again, official data showed Friday, with the disappointing data sure to stoke speculation that the central bank would unleash more stimulus.
BEIJING — China surprised markets with a thumping trade performance in January as import growth hit a six-month high, drawing some scepticism about the data but still allaying fears of a deepening economic malaise.
Analysts who had expected the long Lunar New Year holiday to drag on January’s trade warned that the figures may be inflated by fake trade transactions, where traders forge deals to sneak cash into the country past capital controls.
[AP] - World stock markets rose Friday ahead of a U.S. jobs report that could help determine whether the Federal Reserve opts to introduce fresh measures to get the world's largest economy going again.