Stock markets power ahead on surprise US jobs rise


New York (AFP) – Bourses in Europe and the United States surged Friday following a surprisingly strong US jobs report, which markets viewed as validating recent equity gains and proving the economy is recovering.The Labor Department reported the US economy regained 2.5 million jobs in May and the unemployment rate dropped as coronavirus pandemic shutdowns began to ease.The report defied even the most optimistic expectations among economists, who had been expecting a payroll decline of more than eight million and a jobless rate of 20 percent or higher.”This a mind-blowing number and shows that …

Read More