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United States stocks opened sharply lower following the jobs report, which one leading analyst labeled “decidedly bad”.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

The health care sector bounced back from a plunge a day earlier.

Wall Street started the week with another round of selling, placing the market squarely in “correction” mode. This is just the latest data point out of the world’s second- biggest economy that suggests economic softening.

Increasingly, economists bet that the Bank of Japan will boost its quantitative easing at its next meeting in October.

Heller, who served on the Board of Governors of the Federal Reserve System from 1986 to 1989, is confident the US economy is well positioned to cope with a rise in interest rates from the current 0-0.25 percent.

The use of position limits may be expanded to other contracts if upcoming legislation requires them, the exchange added in a statement. So the Fed needs other tools to influence rates. Markets are also split on what a rate move might mean for markets. He says that the outlook for...

The Ftse 100, which marked its biggest weekly loss of the year on Friday, has now fallen for 10 sessions in a row, its longest continuous decline since 2003.

Shares in banks and asset managers also fell, and the Euro STOXX Volatility Index rose to its highest since late 2011 – more evidence of investor unease.

As the selling accelerated, some benchmark indexes were at or near 10 per cent below their recent peaks – a “correction” in Wall Street parlance.

A “correction” is a Wall Street term for when an index like the Dow industrials or the Nasdaq – or an individual stock – falls 10 percent from its most-recent high. Crude oil briefly dipped below $40 a barrel for the first time since March of 2009.

Shares have fallen 27% in the last month and 29% in the last three months.

It has even guided its Q3 revenues in the $1.21-1.25 billion range, an improvement of nearly 10% y-o-y. The fund value in upticks was recorded to be $1.66 million and in downticks, it was found to be $3.63 million.