Stocks cautious in Asia as oil gains, yields rise
- Asian markets were mixed as investors assessed higher oil prices and rising bond yields.
- U.S. stocks gained after September payroll growth reached 29,000, below forecasts, while unemployment rose to 4.2%.
- The S&P 500 rose about 0.7%, and the Nasdaq gained about 1.2%, led by technology shares including Nvidia.
- Euro-Area inflation rose to 3.8% in September as energy prices increased.
351 Articles
351 Articles
The dollar went back to $18,1561 this Friday, but the Mexican currency accumulated a loss of 2.7%, its worst weekly performance since March.
Disappointing job growth in the US gives the Fed arguments not to rush into a new interest rate hike. According to analysts, moderate wage increases also indicate that inflation remains limited. Employment in the world's largest economy increased by 29,000 jobs. The initial drop in interest rates boosted stock prices, which are losing some of their gains halfway through the trading day.
U.S. stocks rise near their record after the latest jobs report eases worries about inflation
U.S. stocks are rising near their all-time high on Friday after the latest jobs report cooled worries that a potentially hot U.S. economy could make inflation much worse.
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