Global stocks sink after weak US jobs data
==========
Stock markets tumbled on Friday over concerns about the health of the US economy after data showed the US jobs market cooled much more than expected in July; Wall Street opened sharply lower, with the tech-heavy Nasdaq shedding more than 2.5 per cent, adding to the previous day’s losses with tech giant Intel sinking more than 28 per cent; European stock markets were also in the red, with Frankfurt and others falling two per cent or more, while the dollar and oil prices fell; The Tokyo stock market tanked by almost six per cent due to a stronger yen and the prospect of interest rate hikes in Japan; The United States added 1,14,000 jobs last month, down from June’s revised figure of 1,79,000, while the unemployment rate rose to 4.3 per cent, according to government figures; Shares in US chip titan Intel sank more than 28 per cent after it announced it would slash more than 15 per cent of its workforce — about 18,000 jobs — as it streamlines operations.
#StockMarkets #UsEconomy #JobsData #Nasdaq #Intel #TokyoStockMarket #Yen #InterestRateHikes #UnemploymentRate
https://www.newagebd.net/post/stocks/241493/global-stocks-sink-after-weak-us-jobs-data
newagebd.net /
npub162…lm2lu
2024-08-02 17:38:00
Author Public Key
npub162hyv3apxfc7dp0xk4yl6ctc7nzwcl2kg5vjvqze22narn4jgy9qjlm2luPublished at
2024-08-02 17:38:00Event JSON
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"content": "Global stocks sink after weak US jobs data\n==========\n\nStock markets tumbled on Friday over concerns about the health of the US economy after data showed the US jobs market cooled much more than expected in July; Wall Street opened sharply lower, with the tech-heavy Nasdaq shedding more than 2.5 per cent, adding to the previous day’s losses with tech giant Intel sinking more than 28 per cent; European stock markets were also in the red, with Frankfurt and others falling two per cent or more, while the dollar and oil prices fell; The Tokyo stock market tanked by almost six per cent due to a stronger yen and the prospect of interest rate hikes in Japan; The United States added 1,14,000 jobs last month, down from June’s revised figure of 1,79,000, while the unemployment rate rose to 4.3 per cent, according to government figures; Shares in US chip titan Intel sank more than 28 per cent after it announced it would slash more than 15 per cent of its workforce — about 18,000 jobs — as it streamlines operations.\n\n#StockMarkets #UsEconomy #JobsData #Nasdaq #Intel #TokyoStockMarket #Yen #InterestRateHikes #UnemploymentRate\n\nhttps://www.newagebd.net/post/stocks/241493/global-stocks-sink-after-weak-us-jobs-data",
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