Skip to main content
UK Edition

Tuesday, 11 August 2026

Trade News UK

The latest UK news, business, transport and more

UK & World

Surprise US Job Weakness Casts Serious Doubt on Fed Rate Hikes

Wall Street’s major market averages traded towards the topside on Friday after July's nonfarm payrolls surprised to the downside, showing an unexpected contraction in employment.

The blue-chip Dow (DJI) was last +0.1%, the benchmark S&P 500 (SP500

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.

If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.

Entering text into the input field will update the search result below

The weaker payroll data increased the probability of a Fed rate hold, with odds for maintaining rates at 3.50%-3.75% rising from 45.0% to 55.9%.

Take-Two reiterated strong booking guidance for the launch, reported better-than-expected Q1 results, but shares fell, and are down over 9% year-to-date.

FAA ordered inspections on 737 MAX jets after discovering cracks in related older models. Boeing expanded checks though the current fleet hasn't shown cracks.