CNBC Daily Open: June’s jobs report won’t stop rate hikes
Publishing timestamp: 2023-07-10 02:30:01
Summary
The article discusses the U.S. jobs growth in June, which fell below economists' expectations. Despite this, the unemployment rate decreased. The article also mentions the mixed performance of U.S. and Asia-Pacific markets, as well as China's declining producer prices. It highlights U.S. Treasury Secretary Janet Yellen's trip to China and her comments on stabilizing U.S.-China relations. The article also mentions the winners of the chip war between the U.S. and China. It concludes by discussing the impact of the jobs report on the Federal Reserve's interest rate decision and the concerns of higher interest rates on the markets.
Sentiment: MIXED
Tickers: BABA, .DJI, .IXIC, .SPX,
Keywords: business news, alibaba group holding ltd, economic events, s&p 500 index, austan goolsbee, nasdaq composite, labor economy, personnel, china, technology, dow jones industrial average, markets, jobs, janet yellen, federal reserve bank, interest rates, united states, world markets,
Source: https://www.cnbc.com/2023/07/10/stock-markets-junes-jobs-report-wont-stop-rate-hikes.html