Global stocks edged higher on Friday after data showed that the US job growth edged higher in April and the unemployment rate dropped a 49-year low.
John Williams, the New York Federal Reverse's President, is arguing the case for how the US Federal Reverse could keep the interest rates 'lower and longer' after periods of low inflation.
The US Labor Department said employers added 263,000 jobs in April and the unemployment rate fell to a 49-year low.
On Friday, the S&P 500 and the Nasdaq rose by 3.2% after data showed that the US job growth edged higher in April.
The White House said on Friday that the US President Donald Trump spoke by phone with the Russian President Vladimir Putin to talk about the possibility the new nuclear accord.
Loretta Mester, the Cleveland Federal Reverse's President, said on Friday that the US economy would grow by 2% - 2.5% in 2019.
Oil prices edged higher by 1% on Friday, boosted by strong US job growth and as the decline in crude oil supply from Venezuela and Iran tightened the market.
According to sources close to the Central Bank of Venezuela, high inflation forced the bank to substitute electronic transfers, with cash to cover operations that involve foreign exchange.
Brazilian Eletrobras stated on Friday that its voluntary buyout program did not allow the company to achieve its goal of reduction of workforce.
The US President Donald Trump stated on Friday that one of the topics that he discussed with Vladimir Putin was the Venezuelan crisis and the provision of aid to its people.
The US bank Wells Fargo stated on Friday that most probably it would refund certain servicing fees to clients who got confused about a way not to pay monthly charges.
The US President Donald Trump stated on Friday that his phone conversation with Vladimir Putin lasted approximately one hour and was "very productive".
The White House stated on Friday that Donald Trump had a telephone conversation with Vladimir Putin during which they discussed the possibility of elaboration of a nuclear treaty, the Korean Peninsula and situation in Ukraine.
The Fed Vice Chairman Richard Clarida stated on Friday that the American economy was in a good condition and, for this reason, inflation projections were "stable".
On Friday, the Prime Minister of Portugal Antonio Costa has called an emergency meeting of his cabinet in order to address opposition's intention to increase teachers' wage, a step that could undermine efforts to balance the state budget.
The Warren Buffet owned Brooks Running CEO Jim Weber has announced that due to trade tariffs risks the company is moving its manufacturing out of China.
On Friday, Tesla announced that it intends to raise additional $2.7 billion in its next capital raise. The company has once more run out of cash, strengthening the view that in the long term Tesla will fail.
The Vice President of the United States Mike Pence announced on Friday that the US Federal Reserve should decrease interest rates to stimulate economic growth. Pence has joined the politicians that are pressuring the Federal Reserve.
On Friday, the US Employment data was published. Data indicates that the US Unemployment Rate has dropped to a 49 year low by decreasing to 3.6%. The event caused a short lived increase of volatility of the value of the USD.
Royal Dutch Shell plans a stake sale in the Indonesian $15B Abadi LNG project, according to banking and industry sources, amid asset disposal programme that has attracted over $30B.
Microsoft Corp has rolled out new cloud service for software developers aimed at making blockchain or artificial intelligence easier for the companies to use.
On Friday, the Brazilian planemaker Embraer reported it delivered eleven commercial aircraft in its Q1 this year, which was three fewer compared to the previous year's same period, as the company was working to cede the profitable division's control to Boeing.
Japan's SoftBank Group is planning to launch its $100B Vision Fund initial public offering amid the company's intention to raise more money, according to the Wall Street Journal.
South Korea's Lotte Group is set to resume its $2.6B real estate China project already this month, following work disruption due to the row related to the land offered for the US anti-missile system.