NEW YORK Global stock markets slumped and the U.S. dollar rallied on Friday after a key U.S. jobs report painted a mixed picture of the labor market and left investors with a muddled view on interest rate hike prospects.
WASHINGTON U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. | Video
NEW YORK Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut.
The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014. | Video
The U.S. Federal Reserve is increasingly likely to raise interest rates this year, traders bet on Friday, as a long-awaited surge in wages finally materialized and the unemployment rate dropped to an eight-year low.
HELSINKI Moody's gave no update on Finland's credit rating on Friday, leaving the recession hit Nordic country among the few euro zone members with two top notch triple-A ratings.
MILAN, Feb 5 European shares opened slightly higher on Friday although investors remained cautious before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook.
* Indexes down: Dow 1.3 pct, S&P 1.9 pct, Nasdaq 3.3 pct (Updates close with details, new quote)
LONDON/MILAN, Feb 5 European equities ended lower after a choppy session on Friday, with the sell-off accelerating in late business after U.S. jobs data left investors guessing about the possibility of an interest rate hike this year.
TOKYO, Feb 5 Japan's Nikkei share average fell for a fourth day on Friday on concerns that a stronger yen may squeeze exporters' earnings, while investors awaited U.S. jobs data for clues on the Federal Reserve's policy outlook.
Feb 5 Hong Kong stocks rose slightly on Friday, led by resource shares HSCIE>, as the market drew some strength from a firm overnight performance in U.S. equities.
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