Global Markets Lower After Wall Street Gains on Jobs Data
BEIJING—Global stock markets and Wall Street futures fell Friday after unexpectedly good U.S. jobs data left room for more interest rate hikes to cool inflation.
London, Shanghai, Tokyo, and Frankfurt declined. Oil prices edged lower but stayed above $90 per barrel.
Fewer Americans than expected filed unemployment claims last week, the Labor Department reported Thursday. That might reinforce sentiment at the Federal Reserve that the world’s biggest economy can tolerate more rate hikes to cool inflation, which is running at multi-decade highs, without derailing growth.
That “might keep the door open for aggressive Fed tightening,” Edward Moya of Oanda said in a report….