Asian and European stock markets surged Friday, buoyed by a rebound in tech shares and diminished expectations of imminent US interest rate hikes. A weaker-than-anticipated US jobs report eased concerns about aggressive Fed tightening, prompting a recovery in the yen and boosting global investor sentiment. This shift provided a welcome respite for markets, particularly in Europe, which benefited from lower borrowing cost outlooks.

Tech stocks led losses across most of Asia on Thursday as investors continued to unwind huge bets on the sector that have propelled markets to record highs this year.

US markets climbed after June hiring slowed more than expected, easing fears of further Fed tightening. The data pointed to a cooling but resilient labour market, lifting…

US markets closed mixed as weak June jobs data cooled rate hike fears. Nasdaq fell on tech and chip stock declines, while the Dow rose strongly. Tesla slipped despite strong…

Asian and European stock markets surged Friday, buoyed by a rebound in tech shares and diminished expectations of imminent US interest rate hikes. A weaker-than-anticipated US…