International News
US non-farm payrolls rise by 224,000 in June, calling Fed cuts in question
Hiring in the US picked up by a greater than expected 224,000 last month, leading some economists to trim their forecasts for interest rate cuts by the Federal Reserve at its next policy meeting on 30-31 July, whilst others dug in their heels against widespread predictions for imminent easing, anticipating instead that a move would come in September.
Europe close: Stocks slip after German factory orders miss, US hiring jumps
Stocks across the Continent headed into the weekend nursing moderate losses, hit by a much weaker than expected reading on German factory orders, and a much stronger than anticipated print on the US June jobs that saw some analysts trim their forecasts for interest rate hikes at the US central bank's next policy meeting at then end of July.
US open: Stocks fall at the bell as jobs report calls rate cuts into question
US stocks opened lower on Friday following a stronger than expected uptick in hiring last month, calling into question the likelihood of interest rate cuts by the Federal Reserve.
BMW CEO Harold Krueger stepping down
German car maker BMW said on Friday that chief executive officer Harold Krueger is stepping down after more than four years in the job.
Chinese steel mills band together against rising iron ore prices
Leading Chinese steel firms have banded together to investigate whether or not "non-market factors" were driving recent record iron ore prices as they called on the government to maintain stability across the market.
US pre-open: Futures point to small losses ahead of jobs data
US stocks looked set to dip at the open as investors awaited Friday's jobs report.
German factory orders drop much more than expected in May
German manufacturing orders fell much more than expected in May, driven by a slump in foreign orders, according to figures released by Destatis on Friday.
Asia report: Markets mostly higher as investors look for Fed clues
Most markets in Asia were in the green on Friday, as investors continued to look across the Pacific for clues on the prospect of Federal Reserve interest rate cuts, which were due to come in the form on nonfarm payrolls later in the global day.