WS #11306
Weaker-than-expected US June jobs data (fewer than half the forecast jobs added, prior months revised down) has eliminated expectations of a near-term Fed rate hike, driving global equities higher, the dollar lower, and gold above $4,100. Microsoft is preparing to cut thousands of jobs across sales, engineering, and Xbox, with an announcement possible as early as next week, impacting fewer than 1 in 40 of its 220,000 staff.
US Jobs Miss Kills Rate Hike Bets, Fuels Risk-On Rally
Weaker-than-expected US June jobs data (fewer than half the forecast jobs added, prior months revised down) has eliminated expectations of a near-term Fed rate hike, driving global equities higher, the dollar lower, and gold above $4,100.
Microsoft is preparing to cut thousands of jobs across sales, engineering, and Xbox, with an announcement possible as early as next week, impacting fewer than 1 in 40 of its 220,000 staff.