* U.S. jobs grow faster than expected, wages increase. * Euro pulls back from 5-month high against dollar. * Oil traders focus on upcoming OPEC+ conference. By Sinéad Carew.
The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation.
Canada's main stock index fell on Friday, including declines for financials and technology, as investors weighed U.S. and Canadian jobs data that could help determine the pace of central bank interest rate hikes. The Toronto Stock Exchange's S&P/TSX composite index ended down 39.79 points, or 0.2%, at 20,485.66, after posting on Thursday its highest closing level in nearly six months.
The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls report fueled expectations the Federal Reserve would maintain its path of interest rate hikes to combat inflation.
A look at the day ahead in Asian markets from Jamie McGeever. The dramatic reaction in U.S. markets to Fed Chair Jerome Powell's speech on Wednesday afternoon will likely continue to fuel risk appetite across Asia, a move that could get extra impetus from South Korea on Friday. Annual inflation in November is expected to fall to 5.1% from 5.7% in South Korea.
* Stocks little changed after post-Powell gains. * In data: U.S. inflation moderates, manufacturing contracts. * Dollar index sags to lowest since August. By Sinéad Carew and Marc Jones.
* Salesforce (CRM) drops on co-CEO exit plan. * Dollar General (DG) falls on slashing annual profit view. * U.S. manufacturing shrinks for first time in 2-1/2 years in Nov. By Ankika Biswas and Noel Randewich. Dec 1 - Wall Street ended mixed on Thursday as a selloff in Salesforce (CRM) weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve's interest rate hikes are working.
* Canadian dollar weakens 0.2% against the greenback. * Canadian manufacturing PMI rises to 49.6 in November. * Investors cut Bank of Canada rate hike bets. * 10-year yield falls to lowest since Aug. 18. By Fergal Smith.
* Stocks little changed after post-Powell gains. * In data: U.S. inflation moderates, manufacturing contracts. * Dollar sags to lowest since August. By Sinéad Carew and Marc Jones.
* Salesforce (CRM) drops on co-CEO exit plan. * Dollar General (DG) falls on slashing annual profit view. * U.S. manufacturing shrinks for first time in 2-1/2 years in Nov. * Indexes: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% By Ankika Biswas and Noel Randewich.
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