March 5 Reuters Wall Street was set to open higher on Friday after data showed fasterthanexpected jobs growth in February, reinforcing bets on an economic rebound driven by massive fiscal stimulus and vaccination drives. Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January. Economists polled by Reuters had forecast February payrolls increasing […]

LONDON, March 5 Reuters The British pound lost ground against a resurgent dollar on Friday, as currency traders took some risk off the table amid rising U.S. bond yields. U.S. Federal Reserve Chair Jerome Powell failed to soothe investor concerns about a recent surge in borrowing costs as he spoke at a Wall Street Journal […]

LONDON, March 5 Reuters Euro zone bond yields rose on Friday after Federal Reserve Chair Jerome Powell reiterated his stance that interest rates would stay low for a long time and said he didnt view a recent rise in U.S. borrowing costs as disorderly. Rising oil prices also put some upward pressure on borrowing costs […]

TOKYO, March 5 Reuters Japanese shares fell for a second straight session on Friday, dragged down by losses in index heavyweights and technology shares, as rising U.S. bond yields hit investor sentiment. The Nikkei share average edged down 0.23 to 28,864.32 and recorded its second straight weekly loss. The broader Topix closed 0.61 lower at […]

MOSCOW Reuters Fix Price set the final offer price for its initial public offering IPO at 9.75 per global depositary receipt GDR, the top of its target range, implying a market capitalisation of 8.3 billion, the Russian retailer said on Friday. Fix Price said it was increasing the size of its offering to approximately 2 […]

Rates as of 0500 GMT Market Recap It wasnt what Fed Chair Powell said, it was what he didnt say that roiled the markets. He acknowledged that the recent spike in yields was notable and caught his attention, but in response he just reaffirmed the Feds longstanding commitment to an extended period of accommodative policy, […]

Londons FTSE 100 fell on Thursday, dragged by miners and bank stocks on concerns about rising bond yields and volatility in U.S. markets, while engineering company Meggitt fell after its annual profit halved due to the COVID19 pandemic. The bluechip FTSE 100 index slid 0.5, with mining stocks, including Rio Tinto, Anglo American, and BHP, […]