BERLIN (Reuters) – German exports rose more than forecast in April, rising by 4.4% on the previous month, while imports increased by 3.1%, according to data released by the Federal Statistical Office on Friday. A Reuters poll had predicted a month-on-month rise in exports of 1.5%. Exports from Germany to Russia dropped in April by…
NEW YORK (AP) — U.S. stocks fell broadly Friday and pulled major indexes into the red for the week as Wall Street focused on the downside of the still-strong U.S. jobs market. A report showed employers hired more workers last month than economists expected. While that’s a good sign for the economy amid worries about…
By Tom Westbrook SINGAPORE (Reuters) – The dollar wobbled toward its first steady week in three on Friday as traders looked to U.S. jobs data for clues as to how far and fast the Federal Reserve might raise interest rates. Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar…
By Sonali Paul MELBOURNE/SINGAPORE (Reuters) -Oil prices moved in a thin range on Friday as markets shrugged off the decision of OPEC+ to increase production and questioned whether the incremental output could make up for lost supply from Russia and meet China’s growing demand amid easing COVID restrictions. U.S. West Texas Intermediate (WTI) crude futures…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment likely increased at a brisk clip in May, with the jobless rate expected to have dropped to its pre-pandemic low of 3.5%, signs of a tight labor market that could keep the Federal Reserve’s foot on the pedal to cool demand. The Labor Department’s closely watched employment…
