Manufacturing production surprised on the upside in July, but was well down on June’s revised growth rate – strengthening the case for a cut in interest rates. Fin24 News
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Factory data supports rate cut case
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‘We see mobile devices as the access point for data and lots of applications’
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SAP, which provides business software and applications, is betting big on the increasing penetration of mobility devices. Peter Gartenberg, managing director, SAP Indian Subcontinent, tells HT that providing business applications on a mobile handset helps unlock lots of value. HindustanTimes.com – Top Business News Headlines
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Sensex rallies 338 pts to 31-month high on good US jobs data
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The BSE benchmark Sensex today rallied by over 338 points to close at its highest level in two-and-half years as better-than-expected jobs data from the US allayed concerns that global economic growth is faltering. HindustanTimes.com – Top Business News Headlines
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Asian shares push higher after U.S. data
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LOS ANGELES (MarketWatch) — Asian markets moved solidly higher Monday, after U.S. job data released Friday weren’t as bad as feared. Japanese equities led the rally, with tech exporters among the top beneficiaries of renewed economic hopes. In early afternoon trading, the Nikkei Stock Average was up 1.6% and the broader Topix higher by 1.3%, [...]
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U.S. stocks start with healthy gains on jobs data
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NEW YORK (MarketWatch) — U.S. stocks opened with robust gains on Friday after the August employment report continued a recent trend of economic data coming in better than feared. “Today’s report should lessen growing fears of a nasty double-dip recession scenario that continues to linger over Wall Street,” said Fred Dickson, chief investment strategist at [...]
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Jobs Data Provide Hope
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The U.S. economy lost jobs for the third month in a row in August, but modest hiring by the private sector eased concerns of a double-tip recession. WSJ.com: What’s News US
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U.S. stock gains tamed slightly by service data
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NEW YORK (MarketWatch) — U.S. stock gains were tempered a bit Friday after a key U.S. service-sector gauge showed slower expansion in August, offsetting market cheer over the better-than-expected August jobs report. The Dow Jones Industrial Average rose 109.29 points to 10,429.39. The S&P 500 was up 11.91 points at 1,102.01. The Nasdaq Composite added [...]
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Stocks rally as jobs data spurs optimism (Reuters)
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Reuters – Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession. Yahoo! News: Business News
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Europe Markets: European stocks rally in wake of jobs data
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European stocks eke out gains, but action is subdued as traders take to the sidelines ahead of key U.S. nonfarm payrolls data due later in the session. MarketWatch.com – Financial Services Industry News
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US stocks rise after payrolls data
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Wall Street advanced on Friday after a better-than-expected jobs report lifted investor optimism on the economy but gains were checked after data showed services sector activity slowed. Business News, International Business, Latest India Business and Markets News – Times of India
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