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Global stocks rise as US jobs cools rate talk

US job creation slowed in AugustWorld stock markets rose Friday as analysts said weaker-than-expected US jobs figures indicated a Federal Reserve interest rate hike is still on the cards but probably not this month. Europe’s main markets soared and US shares were also up after the highly anticipated US jobs creation data revealed the labour market slowed in August. “We doubt that the US Employment Report for August was strong enough to trigger an interest rate hike at this month’s FOMC (the Fed’s Federal Open Market Committee) meeting,” Capital Economics’ David Rees said in a note to investors.

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