CHICAGO, Dec 6- A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank's bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.» Read More
*Wall Street climbs after upbeat U.S. payrolls report. NEW YORK, Dec 6- Global equity markets surged and the dollar rose against the yen on Friday after stronger-than-expected U.S. jobs data boosted the case for the scaling-back of Federal Reserve stimulus later this month.
BIRMINGHAM, Ala.-- Alabama is getting the largest share of $255 million in federal funding to connect more homes and businesses to broadband internet service. The Federal Communications Commission says it's authorizing $27.8 million to provide access to almost 38,000 homes and businesses in rural Alabama.
*Fed to buy $4.25 billion to $5.25 billion notes due 2017, 2018. NEW YORK, Dec 6- U.S. "The market reacted pretty violently to the report and I think a lot of people got caught in the hole," said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
WASHINGTON, Dec 6- U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month. Nonfarm payrolls increased by 203,000 new jobs last month, the Labor Department said on Friday.
*J.C. Penney gets letter of inquiry from SEC. *Sears Holdings to spin off Lands' End business. NEW YORK, Dec 6- U.S. stock index futures rose on Friday, putting the S&P 500 on track to snap a five-session losing streak, ahead of a key monthly payrolls report that may affect expectations for when the Federal Reserve will begin to wind down its stimulus.
LONDON, Dec 6- The dollar rose and government borrowing costs from Japan to Germany hovered around fresh highs on Friday, on expectations of strong U.S. data that would back the case for an imminent scaling-back of Federal Reserve stimulus.
LONDON, Dec 6- Crowded junk corporate bond markets may be most vulnerable to what could be the main outlying risk of 2014: a Federal Reserve that is slow to withdraw monetary stimulus and forced to play catch-up.
LONDON, Dec 6- The dollar rose against basket of currencies on Friday, with its short term fortunes riding on whether key U.S. jobs data can bolster the case for the Federal Reserve to start scaling back monetary stimulus.
*Nonfarm payrolls seen rising 180,000 in November. WASHINGTON, Dec 6- U.S. employers likely maintained a strong pace of hiring in November, but probably not strong enough for the Federal Reserve to start reducing the amount of money it is pumping into economy.
SYDNEY/ SINGAPORE, Dec 6- The dollar hovered near a five-week low versus a basket of currencies on Friday, with its near-term fortunes riding on whether key U.S. jobs data will bolster the case for the Federal Reserve to start scaling back its monetary stimulus.
TOKYO, Dec 6- JGB prices dropped on Friday, with the 10- year yield rising to seven-week highs, after expectations the U.S. Federal Reserve could soon pare its bond-buying programme lifted U.S. and European bond yields. Investor demand for these new bonds is strong, as the Bank of Japan's massive bond buying is leading to a shortage of bonds, market players said.
SINGAPORE, Dec 6- London copper was little changed on Friday, recovering from two-week lows touched earlier this week, but trading was light ahead of a key U.S. labour report that could shed fresh light on when the Federal Reserve will trim its commodity-friendly stimulus.
*Apple climbs after China Mobile says iPhone talks continue. *J.C. Penney falls on Morgan Stanley note. NEW YORK, Dec 5- U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program.
Dec 5- Emerging markets will have a great deal at stake when Friday's U.S. jobs figures are announced. If the data is good and a Federal Reserve taper seems more likely, emerging markets will fall, hard, while if hiring was disappointing we can count on an outsized rally.
WASHINGTON, Dec 5- The U.S. economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now.
*Apple hits 52- week high after China Mobile comments. *J.C. Penney falls on Morgan Stanley note. NEW YORK, Dec 5- U.S. stocks edged lower on Thursday after a round of mixed economic data left traders guessing how soon the Federal Reserve would begin to wind down an asset-purchase program that has helped equities rally.
PARIS, Dec 5- European stocks sank on Thursday, hitting seven-week lows, as investors fretted about the risk of deflation in the euro zone while healthy U.S. economic data raised expectations the Federal Reserve could start reducing its stimulus.
NEW YORK, Dec 5- Treasury yields hit three-month highs and U.S. stocks edged lower on Thursday, under pressure for a fifth day, as robust data on the economy and the labor market raised expectations of an imminent cutback by the Federal Reserve of its stimulus.
*FTSEurofirst 300 down 0.6 pct, Euro STOXX 50 down 0.7 pct. PARIS, Dec 5- European stocks fell on Thursday, hitting seven-week lows, as investors fretted about the risk of deflation in the euro zone while healthy U.S. economic data fuelled concern the Federal Reserve may soon start reducing its stimulus.
LONDON, Dec 5- Nickel and tin rose on Thursday after Indonesia reiterated it would impose an export ban on ore, while copper dipped following strong U.S. economic data on worries the Federal Reserve could curtail monetary stimulus.