Markets Rally on Weak Jobs Data, Fed Rate Cut Hopes

Markets rallied for the second straight day, driven by weak private jobs data and expectations of a US Federal Reserve rate cut. ADP's November report showed 32,000 job losses, missing the expected 40,000 gain. However, this economic weakness could mask ongoing job losses in the longer term. The Dow Jones Industrial Average rose 0.86%, while the Europe Stoxx 600 closed 0.1% higher.