Financial markets

FILE - In this Jan. 30, 2018 file photo, a job applicant talks with company representatives at a JobNewsUSA job fair in Miami Lakes, Fla. Jobs report on Friday, Dec. 7, for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week’s frantic financial market gyrations, which have been driven by concerns that the U.S.-China trade war could escalate and weaken a U.S. economy already facing higher interest rates and slowing global growth. (AP Photo/Lynne Sladky, File)
December 07, 2018 - 11:40 am
WASHINGTON (AP) — U.S. businesses added a smaller but still-healthy number of jobs last month, while the unemployment rate remained at a five-decade low and wages rose at a solid clip. The figures, released Friday by the Labor Department, point to an economy that is still adding jobs at a steady...
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Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia speaks prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria, Thursday, Dec. 6, 2018. (AP Photo/Ronald Zak)
December 07, 2018 - 10:52 am
VIENNA (AP) — Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the...
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Gregory P. Winter, 2018 Nobel laureate in Chemistry, left, and Professor George P. Smith, 2018 Nobel laureate in Chemistry take part in a press conference at the Royal Academy of Science in Stockholm, Sweden, Friday Dec. 7, 2018. (Claudio Bresciani/TT via AP)
December 07, 2018 - 6:32 am
STOCKHOLM (AP) — A winner of this year's Nobel Prize for Economics who advocates carbon taxes as the best way to address greenhouse gas emissions says he does not expect U.S. President Donald Trump to back his view. William Nordhaus's comments to The Associated Press on Friday followed Trump's...
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A visitor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Dec. 7, 2018. Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. (AP Photo/Yam G-Jun)
December 07, 2018 - 3:22 am
TOKYO (AP) — Shares rebounded in Europe and Asia on Friday as worries over U.S.-China trade friction were calmed by conciliatory comments from Beijing. KEEPING SCORE: Germany's DAX climbed 0.7 percent to 10,884.39 and the CAC 40 in France advanced 1.3 percent to 4,840.54. Britain's FTSE 100 jumped...
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Trader Gregory Rowe works on the floor of the New York Stock Exchange, Thursday, Dec. 6, 2018. U.S. stocks tumbled in early trading Thursday following a sell-off in overseas markets. (AP Photo/Richard Drew)
December 06, 2018 - 9:42 pm
TOKYO (AP) — Asian shares were mostly higher Friday after gains on Wall Street but investors continued to watch for news about U.S.-China trade friction. KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.1 percent to 21,524.02, and Australia's S&P/ASX 200 gained 0.5 percent to 5,685.50 in...
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A woman looks at an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Dec. 5, 2018. Shares were moderately lower in Asia on Wednesday following a bloodletting on Wall Street as goodwill generated by a truce between the U.S. and China over trade evaporated in confusion over exactly what the two sides had agreed upon. (AP Photo/Vincent Yu)
December 06, 2018 - 6:47 am
TOKYO (AP) — World financial markets took another plunge Thursday on concerns that the arrest of a senior official at Chinese telecoms equipment maker Huawei could hinder progress in China-U.S. trade talks. The price of oil also fell even though OPEC was expected to agree on a production cut to...
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A woman looks at an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Dec. 5, 2018. Shares were moderately lower in Asia on Wednesday following a bloodletting on Wall Street as goodwill generated by a truce between the U.S. and China over trade evaporated in confusion over exactly what the two sides had agreed upon. (AP Photo/Vincent Yu)
December 05, 2018 - 10:29 pm
TOKYO (AP) — Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks. KEEPING SCORE: Hong Kong's Hang Seng index tumbled 2.6 percent to 26,117.28 and Japan's benchmark Nikkei 225...
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Russian President Vladimir Putin, right, shakes hands with his Venezuelan counterpart Nicolas Maduro during their meeting at the Novo-Ogaryovo residence outside in Moscow, Russia, Wednesday, Dec. 5, 2018. (Maxim Shemetov/Pool Photo via AP)
December 05, 2018 - 7:02 am
MOSCOW (AP) — Russian President Vladimir Putin has voiced his support for Venezuelan leader Nicolas Maduro who is visiting Moscow amid a spiraling economic crisis in his country. Maduro has become increasingly isolated in the world under growing sanctions led by the U.S. and the European Union...
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A man stands next an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Dec. 5, 2018. Shares were moderately lower in Asia on Wednesday following a bloodletting on Wall Street as goodwill generated by a truce between the U.S. and China over trade evaporated in confusion over exactly what the two sides had agreed upon.(AP Photo/Vincent Yu)
December 04, 2018 - 10:04 pm
BEIJING (AP) — Asian stocks sank Wednesday after Wall Street plunged amid confusion about what Washington and Beijing agreed to in a tariff cease-fire. KEEPING SCORE: Hong Kong's Hang Seng index fell 1.6 percent to 26,840.74 points and the Shanghai Composite Index lost 0.7 percent to 2,647.55...
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Treasury Secretary Steve Mnuchin talks with reporters about trade negotiations with China, at the White House, Monday, Dec. 3, 2018, in Washington. (AP Photo/Evan Vucci)
December 04, 2018 - 6:48 pm
WASHINGTON (AP) — The Trump administration raised doubts Tuesday about the substance of a U.S.-China trade cease-fire, contributing to a broad stock market plunge and intensifying fears of a global economic slowdown. Investors had initially welcomed the truce that the administration said was...
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