GLOBAL MARKETS-The S&P 500 inches higher; Treasury yields dip after Powell remarks, jobs report [Reuters]
ALLIANZ SE (AZSEY)
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Source: Reuters
The S&P 500 inches higher; Treasury yields dip after Powell remarks, jobs report - Reuters 4 Min Read NEW YORK (Reuters) - The S&P 500 posted a nominal gain and Treasury yields edged lower on Friday, as remarks from Federal Reserve chief Jerome Powell firmed interest rate cut expectations and China announced an economic stimulus package, both of which helped offset weaker-than-expected U.S. jobs data. The roller-coaster week began with a flight to safety driven by trade jitters and weak U.S. manufacturing data, but positive geopolitical developments in Britain, Hong Kong and Italy, along with news that U.S.-China trade talks would continue, revived market risk appetite. That appetite was further stoked after China’s central bank said it would lower the amount of cash that banks must hold as reserves, in order to bolster the nation’s weakening economy. “Over the week we’ve seen risk assets rebound as favorable economic data and positive geopolitical developments provided comfort to inv
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