Global Markets Rebound After U.S. Jobs Data Shock
Global shares advanced as markets reacted to weak U.S. jobs data, raising hopes for Federal Reserve rate cuts. European and Asian indices rose, while Tokyo's Nikkei 225 fell slightly. Trump's tariffs and weak job growth stoked economic worries, pressing the Fed for potential interest rate cuts.
- Country:
- Thailand
Global stocks surged after Wall Street's recent downturn, spurred by unexpectedly poor U.S. job data. This has fueled optimism for potential Federal Reserve interest rate cuts.
European markets saw gains with France's CAC 40 climbing 0.8%, Germany's DAX nearly 1.0%, and Britain's FTSE 100 edging up 0.4%. The U.S. stock futures indicated a promising day, with Dow futures increasing by 0.6%.
In Asia, the response was mixed: Tokyo's Nikkei dipped but recovered some losses, Hong Kong's Hang Seng rose 0.9%, and South Korea's Kospi surged by the same margin. Economic uncertainties persist amid Trump's new tariffs and feeble U.S. job growth figures.
(With inputs from agencies.)
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