September 16, 2021
Economy

GLOBAL MARKETS-Stocks charge ahead on U.S. data, dollar eases ahead

(Adds oil, gold settlement prices)

* MSCI’s ACWI, S&P 500, Nasdaq climb to new highs

* Dollar slips as concerns remain about Friday’s data

By Herbert Lash and Marc Jones

NEW YORK/LONDON, Sept 2 (Reuters) – Record-setting world stocks moved higher on Thursday after jobless claims data suggested the U.S. labor market was charging ahead even as new COVID-19 infections surge, while the risk of a sub-par U.S. payrolls report kept the dollar on the defensive.

Economic data from Asia and Europe was largely disappointing but the Labor Department report showed the number of Americans filing new claims for jobless benefits fell last week to a pandemic-era low.

The decline in layoffs to their lowest in more than 24 years helped ease concerns about the state of the U.S. economy even if the closely watched employment report for August on Friday shows a slowdown in nonfarm payrolls growth.

MSCI’s…

Read full article here: finance.yahoo.com