Reuters
GLOBAL MARKETS-Global equities climb, dollar drops as U.S. jobs data ease inflation fright
Global stocks, oil and gold rallied while the dollar fell on Friday, after U.S. nonfarm payrolls data showed hiring increased in May as the coronavirus pandemic eased, but not quite as much as expected, tempering expectations the Federal Reserve will tighten monetary policy sooner, rather than later. The hotly anticipated U.S. nonfarm payrolls data showed 559,000 jobs created in May, a sharp increase in hiring from April but below the 650,000 expected from a Reuters poll of analysts. A stronger-than-expected reading would have heightened worries that the robust economic recovery could push the Fed to contemplate paring back its bond buying and raising interest rates.
