* Canadian dollar gains 0.2% against the greenback. * Price of oil settles 2.3% higher. * Toronto home prices rise 3.7% in May. * 10-year yield rises 6.9 basis points. By Fergal Smith.
* Wall Street stocks gain. * Benchmark 10-year yields higher. * U.S. dollar rises. * Oil prices adds 2%, safe-haven gold falls. By Chibuike Oguh. Global Shares and U.S. Treasury yields rose on Friday following a stronger-than-expected jobs growth data that raised investor expectations that the Federal Reserve could retain its rate interest hikes.
Yields on U.S. Treasuries rose Friday after Labor Department data showed employment increased more than expected in May, which could pressure the Federal Reserve to hike interest rates later this month.
* Wall Street stocks gain. * Benchmark 10-year yields higher. By Chibuike Oguh. Global Shares and U.S. Treasury yields rose on Friday following a strong-than-expected jobs growth data that raised investor expectations that the Federal Reserve could retain its rate interest hikes.
U.S. Treasury yields and the dollar rose slightly, while share futures dipped briefly on Friday on a higher-than-expected rise in non-farm payrolls in May but investors maintained bets the Federal Reserve will skip a rate hike at its next meeting.
Yields on U.S. Treasuries rose Friday after Labor Department data showed employment increased more than expected in May, which could pressure the Federal Reserve to hike interest rates this month.
Yields on U.S. Treasuries moved higher Friday after strong jobs data was released. The yield on benchmark 10-year Treasury notes was up 2 basis points to 3.628%. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was last at -76.9 basis points.
The difference between 10-year Italian and German borrowing costs fell to its smallest since January on Friday, in a vote of confidence from investors on one of the euro zone's most indebted countries. The so-called spread between Italy and Germany's 10-year bond yields fell to 169 basis points, the narrowest gap since Jan. 19.
STOCKS: The benchmark BSE Sensex rose 118.57 points, or 0.19%, to 62,547.11, while the broader NSE index gained 46.35 points, or 0.25%, to 18,534.1 driven by a jump in Hero MotoCorp following strong monthly sales, while signs that the U.S. Federal Reserve could pause its interest rate hiking cycle underpinned investor sentiment.
The difference between 10-year Italian and German borrowing costs fell to its smallest since January on Friday, in a vote of confidence from investors in one of the euro zone's most indebted countries. The so-called spread between Italy and Germany's 10-year bond yields fell to 169 basis points, the narrowest gap since January 19. Analysts said a range of factors were boosting Italian debt.
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