A report showing a modest increase in U.S. jobs lifted world equity benchmarks broadly on Friday, restoring calm after one of the worst weeks for stocks in months. The unemployment rate in the world’s largest economy fell to a 50-year low in September, easing worries over a potential U.S. recession after weak data earlier this week showed a slowdown in U.S. manufacturing and services. The string of weak data had sharply raised market expectations of additional interest rate cuts by the Federal Reserve. “We’ve had such a string of bad news, that anything that shows the economy is doing better than perhaps people have been talking about is well received,” said J.J. Kinahan, chief market strategist at TD Ameritrade in Chicago. MSCI’s gauge of stock markets across the globe .MIWD00000PUS gained 1.02%. On Wall Street, the Dow Jones Industrial Average .DJI rose 371.63 points, or […]

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