ARN News Centre

Wall Street awaits major US jobs report

Friday, 4 March 2016 14:36

Wall Street sign outside the New York Stock Exchange in New York.

Analysts on Wall Street are eagerly awaiting February's jobs report that's due on Friday. It's seen as the biggest snapshot into how the labour market in the United States is performing and it's a piece of data that the Federal Reserve also keeps strict tabs on. Investors are closely watching the report for clues to when the Fed might next raise interest rates. A strong labour market would also ease fears that the US economy is heading into recession. William Denselow has more from New York.

Listen

More from Business

Saudi Aramco resumes oil loading at Ras Tanura after 4-month halt

Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.
Summer Davos ends with call to boost innovation and growth

Global leaders have called for greater investment in innovation, skills and technology to drive economic growth as the World Economic Forum's Annual Meeting of the New Champions concluded in Dalian, China.
ADNOC and partners to develop mega gas project

Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has awarded the concession for the development and production of the Bab Gas Cap project to ADNOC and a group of international energy partners.
Bank fined AED 20 million for repeated regulatory failures

The UAE Central Bank (CBUAE) has fined a branch of a foreign bank AED 20 million for repeated failures in its anti-money laundering and counter-terrorism financing controls.
UAE announces Retail T-Sukuk subscription details

The Ministry of Finance has announced the subscription period for the UAE’s first-ever Sovereign Retail T-Sukuk Programme, offering individual investors a new government-backed investment opportunity that complies with Islamic Shariah principles.