The major indexes held support early in the week (despite
disappointing jobs data) and the broad market strengthened, including some energetic buying among glamour stocks.
Still, the central bank is unlikely to raise interest rates further this week due to
the disappointing jobs data and unimpressive first - quarter economic growth.
Not exact matches
The U.S. Bureau of Labor Statistics (BLS) reported on Friday that the U.S. economy added 80,000
jobs in June, leaving the jobless rate unchanged at 8.2 %,
disappointing analysts and driving the stock market downward even though the
data showed that all of the new
jobs came from the private sector.
Of these weaker
data points to which Poloz makes note, the most concerning are the drop in non-energy exports, anemic wage growth and a
disappointing jobs market.
TOKYO, June 4 (Reuters)- Japan's shares fell sharply on Monday, with the broader Topix index hitting a 28 - year low, as investors rushed to sell riskier assets on
disappointing U.S.
jobs data, deepening debt woes for the euro zone and slowing Chinese growth.