Rate cut anticipation boosts stocks, bonds as US labor market chills

Wall Street and world stocks were mostly higher on Thursday and US Treasury yields fell, as a cooling US labour market and dovish comments from Federal Reserve officials pointed to a likely interest rate cut this month by the central bank. US private payrolls in August increased less than anticipated, while weekly jobless claims came in higher than expected. Traders on Wall Street and in Europe pushed equities up even after Chinese bourses tumbled overnight on reports that Beijing wanted to cool a red-hot stocks rally, especially the tech sector. The Dow Jones Industrial Average, S&P 500, and Nasdaq all gained between 0.75% and 1%, while the FTSEurofirst 300 rose 0.6%. Oil prices fell after a Reuters report that OPEC+...