GLOBAL MARKETS-Stocks rally, yields fall on increasing Fed cut hopes
A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns that recent data on inflation and the labor market would force the Federal Reserve to keep interest rates higher for longer. Nonfarm payrolls rose by 175,000 last month, the lowest since October 2023, and short of the 243,000 estimate of economists polled by Reuters. "The risks would be greater if the Fed was still intent on hiking, but its patient pause keeps the risks of overshooting to the downside low."
