Europe Finishes Sharply Lower After Tillerson Ousting Rattles Markets

The pan-European STOXX 600 extended losses, provisionally closing down some 1.07 percent, with almost all sectors ending the day in negative territory.

In markets, all major bourses posted solid losses, with the U.K.’s FTSE 100 slipping 1.05 percent, France’s CAC 40 falling 0.64 percent and Germany’s DAX dropping 1.59 percent.

Source: CNBC

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U.S. stocks end sharply higher after jobs report; Nasdaq closes at record

U.S. stocks ended sharply higher on Friday after the February employment report showed a strong jobs number but muted wage gains, easing concerns about a flare-up in inflationary pressures.

S&P 500 rose 48 points, or 1.7%, to 2,787. Dow Jones Industrial Average advanced 441 points, or 1.8%, to 25,336. The Nasdaq Composite Index climbed 133 points, or 1.8%. For the week, the S&P 500 was up by 3.5%, the Dow up by 3.3%, and the Nasdaq up by 4.2%. The tech-heavy Nasdaq notched its first closing record since Jan. 26.

All three benchmark indexes posted their best weekly performance in three weeks. The U.S economy added 313,000 jobs in February, the biggest gain since mid-2016, while average hourly earnings rose by 0.1%.

Source : Market Watch

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Hong Kong Stocks Head Into Break Sharply Higher

Hong Kong shares ended the morning with healthy gains on Thursday as a softer tone on import tariffs from the White House tempered concerns about a global trade war that has fuelled market volatility.

The Hang Seng Index rose 1.44 percent, or 434.21 points, to 30,631.13 by the break.

Source : AFP

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