Global Markets News
NEW YORK - U.S. stocks retreated on Friday, with the S&P 500 index poised for its second straight weekly drop, after a strong monthly jobs report fueled expectations for an interest rate hike by the Federal Reserve this year.
WASHINGTON - U.S. employers stepped up hiring in February and the jobless rate fell to its lowest level since the spring before President Barack Obama took office, which could put pressure on the Federal Reserve to raise interest rates in June. | Video
NEW YORK - Apple Inc , the largest U.S. company by market value, will join the storied Dow Jones industrial average , replacing AT&T Inc , in a change that reflects the dominant position of the iPhone maker in the U.S. economy and society. | Video
NEW YORK - A robust U.S. jobs report raised concern in markets that the Federal Reserve may raise interest rates sooner than previously thought, hammering U.S. stock and bond prices on Friday.
NEW YORK - America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence to pave the way this month, though not commit, to an interest rate hike in June.
WASHINGTON - The Obama administration on Friday said it would start using emergency cash measures to allow the government to keep paying the nation's bills once it hits the legal debt limit in about a week.
LONDON/PARIS, March 5 - European shares reached their highest in more than seven years on Thursday, boosted by encouraging comments from the European Central Bank and by strong results from supermarket Carrefour and fund manager Schroders.
LONDON, March 6 - European equities steadied in early trading on Friday after recent sharp gains, with investors seen reluctant to place strong bets before a U.S. jobs report that could provide hints about the timing of a U.S. rate hike.
PARIS, March 6 - European stocks ended slightly higher on Friday, with shares in stainless steel producers surging after news the European Union was set to impose anti-dumping duties on imports from China and Taiwan.
March 6 - Hong Kong shares edged lower on Friday in the wake of sobering comments top officials made to the National People's Congress on the economic outlook.
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