Asian shares surge after Wall St gains on signs the US jobs market is cooling

Asian shares surge after Wall St gains on signs the US jobs market is cooling

Stocks were higher in Europe and Asia on Monday following a report that signaled the US jobs market, while still healthy, shows some signs of cooling, raising hopes for an easing of interest rate hikes. Germany’s DAX advanced 0.7% to 15,949.69 and the CAC 40 in Paris picked up 0.8% to 7,354.96. In London, the … Read more

Wall Street opens higher following signal that labor market is cooling

Wall Street opens higher following signal that labor market is cooling

NEW YORK (AP) — Stocks are opening higher on Wall Street after a closely watched report showed that the job market, while still healthy, has been showing some signs of cooling. That’s leading markets to hope that the Federal Reserve can soon ease up on its campaign to slow down the economy by raising interest … Read more

FIFA suspends Spain soccer federation president Luis Rubiales for 90 days after World Cup final kiss

FIFA suspends Spain soccer federation president Luis Rubiales for 90 days after World Cup final kiss

GENEVA (AP) — FIFA suspended Spanish soccer federation president Luis Rubiales on Saturday while its disciplinary committee investigates his conduct at the Women’s World Cup final, which included kissing player Jenni Hermoso on the lips after Spain’s victory. The provisional suspension comes less than a week after Spain’s 1-0 victory over England in Sydney, Australia, … Read more

Asian stocks follow Wall Street higher ahead of Federal Reserve conference

Asian stocks follow Wall Street higher ahead of Federal Reserve conference

NEW YORK (AP) — Wall Street is ticking higher in early trading, on track for its first back-to-back gain in what’s been a miserable August. The S&P 500 was up 0.3% early Tuesday, coming off a gain powered by Big Tech stocks. The Dow was little changed and the Nasdaq composite was up 0.6%. Stocks … Read more

Wall Street begins to bounce back after a slow start to the week

Wall Street begins to bounce back after a slow start to the week

NEW YORK (AP) — Wall Street fell for a third straight day Thursday as rising yields in the bond market keep cranking up the pressure. The S&P 500 sank 33.97, or 0.8%, to 4,370.36, and August is on track to be its worst month of the year by far. The Dow Jones Industrial Average dropped … Read more

Asia follows Wall Street lower after US data revive fears about rate hike

Asia follows Wall Street lower after US data revive fears about rate hike

NEW YORK (AP) — Wall Street drifted higher Monday ahead of a week of reports showing how strong U.S. shoppers remain, amid hopes their spending can keep the economy out of a recession. The S&P 500 added 25.67, or 0.6%, to 4,489.72, though slightly more stocks fell than rose within the index. The Dow Jones … Read more

Wall Street opens lower as markets become more cautious

Wall Street opens lower as markets become more cautious

BEIJING (AP) — Global stock markets and Wall Street futures declined Tuesday after Chinese exports fell ahead of this week’s U.S. inflation update, which might influence Federal Reserve plans for possible interest rate hikes. London, Shanghai, Paris and Hong Kong retreated. Tokyo advanced. Oil prices lost more than $1 per barrel. On Monday, Wall Street’s … Read more