Business & Finance

Reuters ahead with U.S. May job figures

Reuters was 19 seconds ahead of the competition with news on June 3 that U.S. May non-farm payrolls had surged by 2.5 million, blowing away consensus forecasts for a loss of 8 million jobs as pandemic concerns buffets the world’s biggest economy. Reuters was also 125 seconds ahead with news on market-sensitive PCE price index data.

Market Impact

The unexpected fall in U.S. unemployment gave an additional boost to an already rallying stock market and most European indexes jumped to new session highs. Following the PCE price index data, major U.S. stock indexes rose, and the dollar and U.S. Treasury prices strengthened.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters News First
Regions: Americas
Win Types: Speed
Media Types: Text
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