News Highlights: Top Global Markets News of the Day - Friday at 5 PM ET

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

The jobs report suggests the U.S. might be headed toward a 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 
 

The Nasdaq Composite rose 1.2%, while the Dow industrials and S&P 500 added about 0.8% and 0.9%, respectively. The blockbuster September U.S. payrolls eased recession fears.

 
American Consumer Spending Boosts September Hiring 
 

The U.S. jobs report left analysts' expectations in the dust, and shows a hiring surge for bars, fast-food restaurants, healthcare and construction.

 
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.

 
Why Mortgage Rates Haven't Fallen Since the Fed Cut 
 

The Federal Reserve cut interest rates, then standard 30-year mortgage rates went up. It's a warning that lower rates from here are not a foregone conclusion.

 
U.S. Ports Reopen After Dockworkers End Strike 
 

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

 
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.

 
Will Hurricane Helene Cause a Chip Shortage? What the Major Chipmakers Are Saying. 
 

Mines in Spruce Pine, N.C., provide most of the world's high-purity quartz. The hurricane has shut them down.

 
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.

(END) Dow Jones Newswires

October 04, 2024 17:15 ET (21:15 GMT)

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