US Market: Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market. Wall Street’s main measure of health is now just 4% below its record set at the start of last year. Yields rose more sharply in the bond market following the report, which said U.S. employers added more jobs last month than economists expected. But the worry on Wall Street is that the remarkably resilient job market could also end up giving inflation more fuel. The Nikkei 225 tumbled 1.7% for a second straight drop amid speculation about whether the Bank of Japan will ease off its ultra-easy policy on interest rates.

Source: Mint December 09, 2023 13:19 UTC