WASHINGTON U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions. | Video
The S&P 500 and Dow industrials
closed slightly higher on Friday as investors digested a mixed
U.S. jobs report and bet on a Federal Reserve interest rate cut
this month, while China's stimulus plan helped ease some
concerns around global growth.
The S&P 500 and the Dow
industrials closed slightly higher on Friday as investors
digested a mixed U.S. jobs report and bet on a Federal Reserve
interest rate cut this month while China's stimulus plan helped
ease some concerns around global growth.
Wall Street's major indexes
edged higher on Friday as investors digested mixed signals from
the U.S. jobs report and bet on a Federal Reserve interest rate
cut this month while China's stimulus plan helped ease some
concerns around global growth.
U.S. stocks edged higher on Friday as
China's stimulus plan helped ease some concerns around global
growth, while investors digested underwhelming jobs data that
capped a week of mixed economic signals.
U.S. stocks were set to open higher on
Friday as China rolled out a stimulus plan to shore up its
flagging economy and weak jobs data cemented expectations of an
interest rate cut by the Federal Reserve later this month.
U.S. stocks edged higher on Friday as a
new Chinese stimulus plan helped ease some concerns around
global growth, while investors digested underwhelming jobs data
that rounded off a week of mixed economic signals.
U.S. stocks treaded water on Friday as
underwhelming jobs data rounded off a week of mixed economic
signals about the domestic economy, while a new stimulus plan
from China helped ease some concerns around global growth.
U.S. stocks opened higher on Friday as
China rolled out a stimulus plan to shore up its flagging
economy and weak jobs data cemented expectations of an interest
rate cut by the Federal Reserve later this month.
U.S. stock index futures pared gains on
Friday after data showed domestic job growth slowed more than
expected in August, but strong wage gains should keep the
economy expanding moderately amid rising threats from trade
tensions.
U.S. stock index futures edged higher on
Friday ahead of a crucial jobs report and as China rolled out a
stimulus plan to shore up its flagging economy.
European markets extended gains for a
third day on Friday, as China's move to boost bank lending
outweighed data showing slower-than-expected U.S. job growth and
a fall in German industrial output.
European stocks opened flat on Friday
after two sessions of gains, as the effect of this week's upbeat
signals on U.S.-China trade talks and European politics wore
off, with investors' attention turning to U.S. jobs data due
later in the day.
European shares extended their rally on
Thursday, after China said it would hold trade talks with the
United States, raising hopes that the two sides will make
progress on a dispute that has put major economies at a risk of
recession.
Italian stocks led a rebound in European
shares on Wednesday, as political tensions eased after Rome
moved closer to forming a new government, while hopes of
avoiding a no-deal Brexit improved overall investor sentiment.
European shares fell for the first time
in four sessions on Tuesday, as uncertainty over Britain's
chaotic exit from the European Union and continuing trade
tensions between the United States and China weighed on
sentiment.
European shares opened higher on Monday,
driven by a rally in miners, while sentiment remained fragile as
the United States and China kicked off the latest round of
tit-for-tat tariffs on each other's goods.
Indian shares closed higher on
Friday as investors cheered the government's assurance for the
ailing domestic auto sector, amid easing U.S.-China trade
tensions.
Britain's FTSE 100 index is expected to open
slightly lower on Friday, with futures trading down 0.1% at 7260.
* SHELL, BP: Think-tank Carbon Tracker said in a report that investment
plans by Royal Dutch Shell, BP and ExxonMobil, among
others, will not be compatible with the 2015 Paris Agreement, which aims to
limit global warming to 1.5 degrees Celsius.
* SHELL: Exxon Mobil has agreed to sell its Norwegian oil and gas
assets, which comprises minority stakes in more than 20 fields, operated by
local producer Equinor and Anglo-Dutch oil major Royal Dutch Shell,
for up to $4 billion.
* BREXIT: Number of workers hired for permanent jobs through recruitment
agencies in Britain fell at the fastest pace in more than three years in August
as the Brexit crisis deepened, a survey showed.
* BREXIT: If Britain quits the European Union without a deal next month,
some checks may need to take place near Ireland's border with British-run
Northern Ireland, Irish Prime Minister Leo Varadkar said on Thursday.
* GOLD: Gold prices inched lower, after dropping more than 2% in the
previous session, as investors were driven to riskier assets encouraged by
stronger U.S. economic data and hopes of a thaw in the U.S.-China trade
tensions.
* OIL: Oil prices edged higher, with crude benchmarks poised for multi-week
gains amid a sharp drawdown in U.S. crude inventories, while trade tensions
eased after Washington and Beijing agreed to hold high-level talks next month.
* London's FTSE 100 slipped 0.6% on Thursday as a surge in sterling pushed
exporter stocks lower, missing out on a global rally led by growing hopes of a
resolution to the U.S.-China trade dispute.
* For more on the factors affecting European stocks, please click on:
[\LIVE]
* UK CORPORATE DIARY:
Berkeley Group BKGH.L Trading Update
SIG Plc SHI.L HY Results
Ashmore Group ASHM.L Full Year Results
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
(Reporting by Shanima A in Bengaluru)
Indian shares rose for a third straight
session on Friday, in line with gains in broader Asia, as
U.S.-China trade tensions eased, with IT firm Tech Mahindra Ltd
leading gains after scoring a deal with U.S. telecoms
firm AT&T Inc.
India's benchmark BSE index
reversed early gains and closed slightly lower on
Thursday as sluggish economic growth kept investors cautious and
the government's assurance to the ailing auto sector failed to
bring much cheer.
Indian shares edged higher on Thursday,
led by gains in mining and energy stocks, with sentiment buoyed
by hopes of progress in resolving the protracted U.S.-China
trade dispute after the two sides agreed to hold talks.
Indian shares ended higher on
Wednesday, as gains in banking and steelmaker shares helped
markets recover from earlier losses, with sentiment lifted by
easing political tensions in Hong Kong and Europe.
Britain's FTSE 100 index is expected to open 16
points higher at 7,284 on Wednesday, according to financial bookmakers, with
futures up 0.6%ahead of the cash market open.
Britain's FTSE 100 index is expected to open 16
points higher at 7,284
on Wednesday, according to financial bookmakers.
* BHP: Several BHP Group shareholders, including the Church of
England pension fund, are recommending the company suspend its membership in
industry groups that advocate for policies inconsistent with the Paris climate
change agreement.
* BP: Operations at BP Plc's 430,000 bpd Whiting, Indiana, refinery
were continuing normally with no units shut, said sources familiar with plant
operations on Monday.
* SHELL: Royal Dutch Shell Plc restarted the coker at its
225,300-barrel-per-day (bpd) Norco, Louisiana, refinery on Saturday, said
sources familiar with plant operations.
* DIAGEO: Scottish union Unite on Tuesday disclosed a series of strike
action dates at some of Diageo Plc's plants after talks over pay raise
fell through between the British beverage giant and two of its biggest Scottish
unions.
* BREXIT: British finance minister Sajid Javid will announce increases in
public spending on Wednesday, preparing the ground for a possible snap election
call by Prime Minister Boris Johnson who is seeking a way to break resistance to
his Brexit plans.
* BREXIT: The speaker of Britain's House of Commons, John Bercow, approved
an emergency debate in parliament on Brexit put forward by a group of lawmakers
who are seeking to block leaving the EU without a deal.
* GOLD: Gold held steady after rising 1% in the previous session, with
prices hovering near a more than six-year high on heightened fears of a global
recession following weak U.S. data, the prolonged Sino-U.S. trade spat and
Brexit uncertainties.
* OIL: Oil prices recovered some ground after touching their lowest in close
to a month during the previous session on concerns that a weakening global
economy could depress demand.
* London-listed stocks most exposed to the British economy fell as investors
worried the country was heading for a chaotic no-deal exit from the European
Union or an early national election, while global growth concerns also
persisted.
* For more on the factors affecting European stocks, please click on:
* UK CORPORATE DIARY:
Barratt Developments Plc BDEV.L Full Year Results
Dunelm Group Plc DNLM.L Full Year Results
Halfords Group Plc HFD.L Full Year Results
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
(Reporting by Shanima A in Bengaluru)
Indian shares were subdued on Wednesday
as index heavyweights lagged amid weak global cues, following a
sharp slump in the previous session due to heavy foreign
outflows from capital markets.