August 2, 2021
Economy

Stock prices rise, dollar falls on U.S. jobs data

  • Global share markets near record highs
  • U.S nonfarm payrolls rise 850,000 in June
  • Crude mixed after delay in OPEC+ meeting
  • Gold rises as dollar pulls back after U.S. jobs data

NEW YORK, July 2 (Reuters) – Global shares rose on Friday, hitting an all-time high on lift from a better-than-expected U.S. monthly jobs report that signaled a strong end to the second quarter in the world’s largest economy.

There were weak spots in the jobs report, including a slight uptick in the U.S. unemployment rate, and the dollar dropped from a three-month high.

Data showed U.S. job growth accelerated in June as nonfarm payrolls increased by 850,000 jobs after rising by 583,000 in May, although the unemployment rate rose to 5.9% from 5.8% the previous month. Economists polled by Reuters had forecast payrolls advancing by 700,000 jobs. read more

The MSCI All Country World index (.MIWD00000PUS) closed at…

Read full article here: www.reuters.com