US stocks, bonds rally after soft jobs report; yen bounces back
By Amanda Cooper LONDON, Aug 7 (Reuters) - Global stocks headed for their strongest weekly gain since May after a weaker-than-expected U.S. jobs report eased fears of an imminent Federal Reserve rate hike, while strong earnings and AI enthusiasm outweighed concerns about the Iran war. U.S. stocks opened higher on Friday and Treasury yields fell, reflecting ebbing expectations that the Fed will raise rates at next month's meeting.
By Amanda Cooper LONDON, Aug 7 (Reuters) - Global stocks headed for their strongest weekly gain since May after a weaker-than-expected U.S. jobs report eased fears of an imminent Federal Reserve rate hike, while strong earnings and AI enthusiasm outweighed concerns about the Iran war. U.S. stocks opened higher on Friday and Treasury yields fell, reflecting ebbing expectations that the Fed will raise rates at next month's meeting.
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