Global Markets Diverge as Strong US Jobs Data Fuels Rate Fears

TDT | Agencies

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Global markets ended the week on a mixed note as investors weighed stronger-than-expected US employment data against expectations for interest-rate policy and persistent geopolitical risks.

The MSCI World Index fell 0.29% to 4,986.93, reflecting the cautious mood across major markets.

In the United States, August non-farm payrolls increased by 162,000 jobs, exceeding market expectations and raising concerns that a resilient labour market could give the Federal Reserve less reason to ease monetary policy.

The Nasdaq Composite slipped 0.29% to 26,506.99, while the S&P 500 declined 0.38% to 7,718.60. The Dow Jones Industrial Average fell 0.51%, losing more than 270 points.

Asian markets moved in the opposite direction. Japan's Nikkei 225 gained 1.26% to 65,020.94, while Hong Kong's Hang Seng climbed 1.74% to 25,650.87, supported by gains in technology and property stocks.

European markets were more subdued. Germany's DAX edged up 0.17% to 26,046.40, while the UK's FTSE 100 remained almost unchanged at around 10,831.09.

Oil prices also remained volatile amid ongoing tensions in the Middle East. Brent crude traded near $95.91 a barrel, while WTI stood around $91.93.

Investors are now turning their attention to upcoming inflation data and central-bank commentary. The figures could determine whether current market volatility remains temporary or develops into a broader reassessment of interest-rate expectations and asset valuations.