|
Also Tuesday, the Labor Department said U.S. employers posted the most job openings in four years in June, a positive sign that hiring may pick up. Layoffs also fell. The data follow Friday's report that said U.S. employers in July added the most jobs in five months, far more than economists were expecting. Recent comments by Federal Reserve chairman Ben Bernanke that the slow economic recovery has hurt many Americans has kept hope alive that the Fed will take more steps to kick-start the economy at its next meeting in September. Investors cut their holdings of safer assets like U.S. Treasurys, sending yields higher, as investors sold them. The yield on the benchmark 10-year Treasury note rose to 1.63 percent from 1.56 late Monday. In Europe, most markets rose, despite news that Italy's recession deepened in the April through June period. Italy's economy shrank for the fourth quarter in a row. Benchmark stock indexes rose 2.2 percent in both Italy and Spain, and 1.5 percent in France. Italy's government, which is trying to reduce debt, has made spending cuts and tax increases that are hurting businesses and households. Investors hope that the European Central Bank will help support financial weaker countries like Italy and Spain by buying their government bonds, which will hold down the interest rates these countries must pay to borrow money.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor