The unemployment rate dropped by 0.2 percentage point to 3.5 percent, the lowest since December 1969, when it was also 3.5 percent.
September saw some heavy swings in the markets with Trump continuing to batter the Federal Reserve policy and now facing his own crisis as the Democrats have triggered the very real impeachment case.
The Reserve Bank of India’s monetary policy committee on October 4 slashed rates by 25 bps, and kept the stance accommodative to revive growth in Asia’s third-largest economy.
U.S. stocks opened higher on Friday after data showed a moderate increase in job growth in September.
U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of 3.5%, assuaging financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions.
Private payrolls expanded by 114,000 after an upwardly revised 122,000 advance the prior month.
The data was not so dire “that the economy and the jobs market are falling off a cliff,” said John Velis, global macro strategist at BNY Mellon in New York.
Following negative domestic economic signals, German stocks gained 0.28 percent at the start of trading on Friday, with the benchmark DAX index up 33.06 points, opening at 11,958.31 points.
…such as Norges Bank , Axa and Legal & General are disinvesting from oil and gas stocks, or planning to do so. What’s an upstream guy to do? Mr Looney’s division has raised profits from $574m to $14…
India stocks closed their worst-performing week since May after the Reserve Bank of India cut its key policy rate by 25 basis points, in line with expectations, and reduced its estimate for economic growth for the current fiscal year.