Upbeat U.S. Jobs Report Lifts Equities

Technology leads US equities rebound

US markets recovered Friday on upbeat May jobs report and economic data. rose 1.1% to 2734.62, ending 0.5% up for the week. added 0.9% to 24635.21. The jumped 1.5% to 7554.33. The strengthened as the US created 223,000 new jobs in May, above an expected 190,000: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.3% to 94.196 but is lower currently. Stock index futures indicate higher openings today.

S&P 500 Daily Chart

European stocks extend weekly losses

European stock indices ended higher Friday led by Italian and Spanish stocks following ebbing political uncertainty. The fell against the dollar while the climbed, and both currencies are rising currently. The Index rose 1%, however ending 1.1% lower for the week. The gained 1% to 12724.27. France’s rose 1.2% and UK’s edged 0.3% higher to 7701.77. Markets opened 0.3% – 0.9% higher today.

Asian markets rising

Asian stock indices are gaining today as strong US report bolstered global growth perspectives. ended 1.4% higher at 22475.94 helped by continued yen weakness against the dollar. Chinese stocks are gaining against the backgrowud of China’s warning trade agreements are off if tariffs are imposed: the is up 0.5% while Hong Kong’s is 1.5% higher. Australia’s is up 0.6% despite accelerated rise in against the greenback.

rises

Brent futures prices are moving higher today. Prices fell Friday on rising US output as reported the number of active US rigs drilling for oil was up 2 at 861 last week. Brent for August settlement lost 1% to close at $76.79 a barrel Friday.

Disclaimer: Fulfilling trading operations under conditions of significant leverage, or relatively little changes

Read More Here...

Bookmark the permalink.