#Bitcoin_price surged in the wake of a weaker than anticipated April #USA_jobs #market report, as investors calibrated their bets for possible Federal Reserve #interest rate cuts this year. #According to the Labor Department’s closely-monitored labor market report, nonfarm payrolls came in at 175,000 last month, down from an upwardly revised total of 315,000 in […]

  #USA_investors were net #sellers of equity #funds for a fifth successive week in the seven days to May 1, exercising caution ahead of the Federal Reserve’s policy decision and scaling back expectations for interest rate cuts that were prevalent at the start of the year. According to LSEG data, #investors shed a net $5.48

  #USA #Federal_Reserve held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the end of a two-day meeting on Wednesday. Policymakers remain uncertain about the timing of a first rate cut, and say they want to see more data confirming that inflation will fall, even if slowly. #Among the key statistics they

  #USA_Federal #Trade Commission has sought additional information about a $16.5 #billion deal by #Novo #Nordisk (NYSE:#NVO)’s parent to buy manufacturing subcontractor Catalent (NYSE:#CTLT). The deal was announced in February and #Novo #Nordisk Foundation has since refiled its application to the #USA FTC seeking regulatory approval for it. #Catalent in a regulatory filing on Friday

  #USA_job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the #Federal_Reserve that will likely require more such signals before pivoting from a higher for longer policy. Nonfarm payrolls increased by 175,000 jobs last month, the #Labor_Department said

  #Societe_Generale shares fell more than 5% on Friday after the bank’s #CFO flagged that net interest income in 2024 from the group’s #French retail business would be at the lower end of guidance. The #French_bank’s shares had earlier gained more than 5%, hitting their highest since March 2023, after SocGen reported first-quarter results that

  #USA_stock index futures rose further Friday after the key monthly employment report showed slowing jobs #growth, raising hope that the #Federal #Reserve could ease interest #rates relatively shortly. AT 08:40 ET (12:40 GMT), #Dow_Jones Futures rose 505 points, or 1.3%, S&P 500 Futures lifted 60 #points, or 1.2%, and #Nasdaq 100 Futures climbed 280 points, or 1.6%. 

   The #USA_economy added fewer #jobs than anticipated in April, but the overall employment picture remained relatively tight, potentially impacting when #markets expect the Federal Reserve to roll out possible interest rate reductions this year. The Labor Department’s closely-monitored labor market report showed that nonfarm #payrolls came in at 175,000 last month, down from an upwardly