Global stock index sinks with dollar, bond yields after weak US jobs data

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New York/London (Reuters)-The MSCI’s global stock index was sharply sold on Friday, and the dollar was diving after weaker than US job data weaker than facing economic concerns and enhancing bets for interest rate discounts in September, while investors also considered American tariff advertisements Donald Trump and major employee changes.

The American treasury bonds were required after the Ministry of Labor stated that the American economy added 73,000 of non -agricultural salaries last month, less than economists’ expectations for 110,000. The growth of jobs in June is severely revised to 14,000 from 147,000.

After the report, Trump said he ordered his team to dismiss the American Labor Statistics Commissioner, Erika L. Minarker, who was nominated by former president Joe Biden for this role.

Then the dollar index and the US Treasury index lost more land when the Federal Reserve said that the ruler Adriana Kogler resigned early in its mandate on August 8, causing investor concern at a time when Trump did not approve of loudly with the FBI policies.

Late Friday, traders were betting on the possibility of 87.5 % to reduce the September rate compared to 37.7 % on Thursday, according to the Fedwatch tool for the CME group.

“The market interacts with the possibility of economic stirring to the recession,” said Luke Telly, chief economist in Wellington Trust.

The MSCI scale has fallen around the world 12.23 points, or 1.32 %, to 917.39, indicating the largest daily decrease since mid -April. The most soft job data is added to the losses of the global index, which was already in red after a set of tariffs from Trump the day before.

On Thursday, Trump ordered the tariffs ranging from 10 % to 41 % on American imports from many major commercial partners. Canadian cargo duties increased to 35 % of 25 % for all products that are not covered by the American Trade, Mexico and Cananga agreement. It has set a 25 % rate for India’s exports related to the United States, 20 % for Taiwan, 19 % for Thailand and 15 % for South Korea.

However, Mexico obtained a 90 -day postponement of the higher customs tariff to allow the deal talks.

On the profit front, heavyweight Amazon fell by more than 8 % on Friday after its semester report showed growth in the cloud computing that disappointed the investors.

In Wall Street, the Dow Jones industrial rate decreased 542.40 points, or 1.23 %, to 43,588.58, the S&P 500 101.38 points, or 1.60 %, to 6,238.01, or 2.24 %, decreased in one day, decreased one day, in one day. Since April 21.