BOSTON :Stocks, Treasuries and other major markets were mixed Wednesday after July data showed that U.S. jobs growth slowed but demand for services increased, all as Federal Reserve officials signaled a likely pullback in market support.
She pointed to the positive growth indicators from manufacturing inventories and demand for services, but cited concern over COVID-19 in China and related economic slow-downs. Federal Reserve Vice Chair Richard Clarida said on Wednesday that the U.S. economy is on track to meet the employment and inflation hurdles the Federal Reserve has set for raising interest rates, echoing comments by other officials.
Investors are still waiting for the latest U.S. non-farm payroll numbers on Friday - the last before Federal Reserve leaders convene in Jackson Hole, Wyoming, to discuss policy and decide future stimulus strategy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street pulls back on weak jobs dataBOSTON :Wall Street started Wednesday in a pessimistic mood after data showed that U.S. jobs growth slowed in July, helping pull stocks and oil ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian stocks slip as Delta spread spooks investorsAsian stocks slipped on Tuesday, as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert, ... Delta 病毒害死我们了！
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
European, US gaming stocks hit as China's Tencent slidesShares in Europe-listed gaming companies fell on Tuesday and U.S. names were tipped to open lower after a steep selloff in China's social media ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China's Tencent woes hit European and US gaming stocksShares in Europe-listed gaming companies fell on Tuesday and U.S. names were tipped to open lower after a steep selloff in China's social media ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Three visitors hurt after iceberg wall collapses at world’s largest Titanic MuseumPETALING JAYA, Aug 4 — The ‘iceberg’ has struck again. This time at the world’s largest Titanic Museum in Tennessee where an iceberg wall collapsed and injured three visitors on Monday. The...
Source: YahooSG - 🏆 3. / 71 Read more »
Chinese actor receives backlash online for dancing on top of the Great Wall while filming a music videoChinese actor Yin Xiaotian has apologized for dancing on top of the Great Wall after a video surfaced online of him filming a music video there.
Source: YahooSG - 🏆 3. / 71 Read more »