Stocks Hit Record, US Dollar Strengthens after Jobs Data
Global stocks climbed to a record for a second straight session on Thursday and the dollar rallied after a stronger than expected U.S. payrolls report indicated the labor market may not be deteriorating rapidly.
The Labor Department said nonfarm payrolls increased by 147,000 jobs last month after an upwardly revised 144,000 advance in May, well above the 110,000 estimate of economists polled by Reuters.
Markets dialed back expectations for rate cuts this year from the U.S. Federal Reserve in the wake of the data, with the...
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