Key Points
NEW YORK/LONDON (Reuters) -Global stock indexes rose, the dollar weakened and benchmark 10-year U.S. Treasury yields fell to five-week lows on Friday after data showed U.S. job growth slowed more than expected in October, underscoring views that the Federal Reserve may be done hiking interest rates...
Two-year yields also were the lowest since early September after the data, which showed U.S. job growth slowed in part as strikes by the United Auto Workers (UAW) union against Detroits Big Three car makers depressed manufacturing payrolls...
The data also showed the increase in annual wages was the smallest in nearly 2-1/2 years, pointing to an easing in labor market conditions...
One of their key concerns has been an overheated economy, especially after last quarters GDP growth, and this suggests that problem is going away.. Wednesdays U.S. central bank decision to leave rates unchanged and comments by Fed Chair Jerome Powell indicated to some investors that the Fed may be done raising rates..
(Reporting by Caroline Valetkevitch in New York and Harry Robertson in London; additional reporting by Chibuike Oguh in New York; editing by Jacqueline Wong, Miral Fahmy, Alison Williams and Mark Heinrich)..
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