European stocks closed higher Friday after stronger-than-expected US job growth and a drop in the unemployment rate to 4.1 percent, suggesting there is no need for a major interest rate cut until the end of the year.
The pan-European Stoxx 600 index …
European stocks opened higher Friday, supported by energy stocks after crude oil prices jumped on fears of a wider conflict in the Middle East.
The European Stoxx 600 index rose 0.2 percent. However, it is heading for its worst week since September 2…
The US job rate rose in September, and the unemployment rate fell to 4.1 percent, further reducing the need for the Federal Reserve (the US central bank) to continue cutting interest rates by large percentages in its next two meetings this year.
The …
Gold prices rose on Friday, supported by safe-haven demand arising from the Middle East conflict, while focus shifted towards US payrolls report to gauge the trajectory of the Federal Reserves policy path.
Spot gold was up 0.3% at $2,662.50 per ounc…