News Highlights: Top Global Markets News of the Day - Friday at 11 AM ET

U.S. Hiring Accelerated in September, Blowing Past Expectations 
 

The jobs report suggests the U.S. might be headed toward a so-called soft landing, where inflation moves down to the Fed's goal without major deterioration in the jobs market.

 
Blowout Jobs Report Boosts Shares, Hits Bonds 
 

All three major indexes gained, led by the tech-heavy Nasdaq Composite, after the monthly jobs report signaled robust labor-market health.

 
U.S. Ports Reopen After Dockworkers End Strike 
 

Companies sweeten contract offer to a 62% wage increase to reopen ports from Maine to Texas.

 
EU to Move Ahead With New Tariffs on Chinese-Made EVs 
 

The bloc approved import duties of up to 45%, defying pleas from some European auto executives who fear retaliation from Beijing.

 
BOE's Pill Sees Need for Caution in Cutting Key Rate 
 

The BOE should proceed cautiously in lowering borrowing costs as inflation cools, Chief Economist Huw Pill said Friday.

 
Food Prices Rose at Fastest Rate in 18 Months in September 
 

Food prices saw their fastest increase in 18 months in September, with the prices of all commodity groups rising, led by sugar, the Food and Agriculture Organization of the United Nations said.

 
European IPO Revival Still Lags Behind U.S. 
 

Europe's market for initial public offerings got off to a lively start in the fourth quarter, winding down a better year for new listings, though levels continue to lag the average and trail the U.S.

 
French Factory Production Shows Signs of Recovery 
 

Manufacturing output grew more quickly than expected in August, a bright sign in a sector that has struggled to recover from recent shocks.

 
Asian Shipping Stocks Fall After U.S. Port Workers Suspend Strike 
 

Shares of Asian shipping companies fell sharply after U.S. port workers suspended a three-day strike, dashing hopes for higher freight rates as a result of limited supply.

 
U.K. Retail Footfall Rises for First Time in a Year 
 

The number of visitors to stores rose 3.3% in September, boosted by the mild temperatures, according to a study.

(END) Dow Jones Newswires

October 04, 2024 11:15 ET (15:15 GMT)

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