Stock markets retreat as pressure eases to slash US rates

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Stock markets retreat as pressure eases to slash US rates -

LONDON: Stock markets retreated Monday following strong US jobs data that reduced pressure on the Federal Reserve to cut interest rates sharply.

The removal of Murat Cetinkaya at the weekend fuelled speculation that the Turkish central bank would slash borrowing costs. In the US meanwhile, Labor Department data Friday showed that despite recent disappointing indicators, the world’s top economy remains resilient as it created far more posts than expected in June.

“Markets remain convinced the Fed will cut rates at the end of the month,” said OANDA senior market analyst Edward Moya.

 

آپ کے تبصرے کا شکریہ۔ آپ کا تبصرہ جائزہ لینے کے بعد شائع کیا جائے گا۔
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:

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پاکستان تازہ ترین خبریں, پاکستان عنوانات

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