U.S. Banks fall after weak job data, lower treasury yields

Bactech Environmental

08/03/2019 14:09

** U.S. large-cap banks fall 1.4 pct premarket after weak
U.S. job data
    ** Data shows U.S. job growth almost stalled in February,
stoking concerns about a sharp slowdown in domestic economic
activity  .N 
    ** Nonfarm payrolls increased 20,000 in February, much lower
than 180,000 increase in jobs expected by Reuters poll of
economists
    ** Unexpectedly lower job growth is also pulling U.S.
Treasury yields  urn:newsml:reuters.com:*:nL1N20V0FU
    ** Yields are lower across maturities, with the 10-year
yield  US10YT=RR  down 2.63 pct
    ** Citigroup  C.N , Morgan Stanley  MS.N , Goldman Sachs
 GS.N , Bank of America  BAC.N , JPMorgan Chase & Co  JPM.N 
down ~1.4
    ** After the data, e-mini futures shows broader indices were
down as well

 (Reporting by Diptendu Lahiri in Bengaluru)
 ((RM; diptendu.lahiri.thomsonreuters.com@reuters.net))