FTSE and US markets fall as job opening data reveals rising US employment rates live updates
This is a collection of news headlines and updates from various sources, including Yahoo Finance, Bloomberg, and other financial news outlets. Here are some of the key takeaways:
Economy and Markets
- US stocks rose on Monday, led by chip names like Nvidia and Micron Technology.
- The S&P 500 was up about 0.5%, while the Dow Jones Industrial Average fell about 0.1%.
- The tech-heavy Nasdaq Composite added about 1.2% after a tech-led rally on Friday.
Household Spending
- Food sales prop up ailing high street retail growth, with total retail sales increasing by 0.7% in 2024.
- Non-food sales declined by 1.5% in 2024, but increased by 4.4% year-on-year in December.
Politics and Trade
- Canadian Prime Minister Justin Trudeau resigned as Liberal Party leader on Monday, setting the country up for a new prime minister.
- A new government could be good for the Canadian dollar, and Trudeau’s resignation may lead to a reset of trade relationships with the US during the second Trump administration.
Commodities and Currencies
- Gold prices rose on Monday, reaching their highest level in over a year.
- The US dollar was steady against major currencies on Monday, as investors awaited key economic data releases this week.
Construction and Inflation
- The European construction sector saw its first expansion since 2022 in December, according to the HCOB construction PMI.
- Euro area flash inflation rose to 5.3% year-on-year in January, exceeding expectations.
These are just a few of the key takeaways from the news headlines and updates provided by Yahoo Finance and other sources.
