From The Edge Communications Sdn. Bhd.: 2024-06-07 20:55:55

Global stocks retreated from all-time highs on Friday after US monthly jobs data exceeded expectations, leading to fears that the Fed may delay interest rate cuts. The US added 272,000 jobs, beating forecasts and causing Treasury yields to spike. The dollar surged, while European bond yields and stock indices fell.



Read more at The Edge Communications Sdn. Bhd.: Stocks retreat, Treasuries flail as US rate cut hopes wither