US job growth picks up in July as labor market defies recession fears

A pedestrian walks past a “Help Wanted” sign on the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder/ Sign up now for FREE unlimited access to Reuters.com Record Nonfarm payrolls increase 528,000 in July Unemployment rate falls to 3.5% from 3.6% in June Average hourly earnings increase 0.5%; 5.2% … Read more

Stocks hold steady as markets bet on a sharp BoE hike

The market bets on a 50 bp rise in the Bank of England Fed official: 50 bp hike in September is “reasonable” Oil rebounds from six-month lows Lufthansa returns to operating profit Credit Agricole sees a rise in profits LONDON, Aug 4 (Reuters) – Strong earnings from Credit Agricole and Lufthansa buoyed shares on Thursday, … Read more

Analysis: World’s largest bond markets are back in fashion as recession fears mount

Global indices are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly Sign up now for FREE unlimited access to Reuters.com Record LONDON, July 29 (Reuters) – One day you’re out, the next you’re in: The world’s battered sovereign … Read more

Exclusive: Biden EPA to Address Carbon from Coal Industry with Rules on Other Pollutants

GUAYAMA, Puerto Rico, Jul 29 (Reuters) – The U.S. Environmental Protection Agency plans to apply new limits on traditional pollutants such as ozone and coal ash to help encourage the closure of coal-fired power plants that remain in the country, after the Supreme Court limited the agency’s ability to impose sweeping climate regulations, according to … Read more

S. Korea inflation near 24-yr high; markets focus on weak economy

FILE PHOTO: An office worker eats his lunch at a convenience store in Seoul, South Korea, June 24, 2022. REUTERS/ Heo Ran Register now for FREE unlimited access to Reuters.com Register July inflation near 24-yr high of 6.3%, same as forecast Central bank says July data was in line with its projection Bonds rally as … Read more

US labor market powers ahead with strong job gains despite recession fears

Nonfarm payrolls increased 372,000 in June Private sector employment back above pre-pandemic level Unemployment rate holds steady at 3.6% Average hourly earnings rise 0.3%; up 5.1% year-on-year WASHINGTON, July 8 (Reuters) – US employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor … Read more