Stocks at record highs as US data leaves June Fed cut bet intact

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Key Points

LONDON (Reuters) -Stocks hit new peaks on Friday as mixed U.S. jobs data did little to shake markets conviction that the Federal Reserve will begin cutting interest rates in June...

Central bankers from the United States and Europe have this week raised expectations that cuts in borrowing costs will begin in the summer on both sides of the Atlantic, pushing stock indices to new highs again on Friday...

Data before the opening bell on Wall Street showed U.S. job growth accelerated in February, but a rise in the unemployment rate and moderation in wage gains kept on the table an anticipated rate cut in June by the Fed...

While central banks on both sides of the Atlantic manage expectations of exactly when they will start lowering borrowing costs, investors pushed up the yen after reports that Japans central bank may begin hauling rates from negative territory as soon as this month...

Expectations that the Bank of Japan could finally negative interest rates this month lit a fire under the yen, lifting it to a one-month high against the dollar, and pushed domestic bond yields higher as well...

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