{"id":45066,"date":"2013-12-06T08:23:29","date_gmt":"2013-12-06T13:23:29","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=45066"},"modified":"2013-12-06T08:23:29","modified_gmt":"2013-12-06T13:23:29","slug":"stocks-in-europe-edges-higher-with-us-payrolls-in-spotlight","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/06\/stocks-in-europe-edges-higher-with-us-payrolls-in-spotlight\/","title":{"rendered":"Stocks in Europe Edges Higher with US Payrolls in Spotlight"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

European stocks traded higher on Friday as the release of the US non-farm payrolls data is in the spotlight, which is expected to give hints as to when the Federal Reserve would begin tapering.<\/p>\n

The pan-European Euro Stoxx 50 edged 0.30% higher at 2,962.15, while the German DAX moved up 0.55% at 9,133.60. At the same time the French CAC 40 rose 0.34% higher, standing at 4,113.74 and the UK benchmark FTSE 100 advanced 0.23% higher, standing at 6,513.30.<\/p>\n

President of the European Central Bank (ECB) Mario Draghi made a speech at a press conference following the central bank\u2019s meeting on Thursday, as the eurozone\u2019s annual gross domestic product (GDP) is expected to rise 1.5% by 2015.<\/span><\/p>\n

Governing Council member of ECB Ewald Nowotny is expected to give a speech in a press conference at the Austrian central bank on the release of the economic forecasts at 9:00am GMT.<\/p>\n

Meanwhile in Germany, the Federal Ministry of Economic and Technology will post Factory orders for October at 11:00am GMT, with forecasts of a 1% decline compared to the 3.3% increase recorded in the previous month.<\/p>\n

The Federal Statistics Office of Switzerland posted the Consumer Price Index (CPI), rising by 0.1% in November.<\/p>\n

\u00a0Stocks – US Labour Data <\/span><\/h2>\n

The ADP employment report showed a 215,000 rise in November, advancing from the previously recorded 184,000 rise seen in October and above the forecasted 170,000 rise.<\/p>\n

The US Department of Labour is expected to post its initial jobless claims data by 1:30pm GMT, with forecast of an increase to 321,000 people, a slight rise from 316,000 registered in the week before.<\/p>\n

The Labour sector in the US is one of the key determinants for the US economy and also determines whether and when the Federal Reserve would begin to taper; a positive report from the Labour market would mean the US Central bank could start to taper in the next Fed Meeting scheduled on December 17-18.<\/p>\n

As forecasted, the ECB maintained its benchmark interest rate at 0.25% at its December meeting. In addition, ECB President Mario Draghi commented on the inflation for next year, with expectations for inflation to reach 1.1% and the eurozone could face a long period of low inflation, according to Draghi.<\/p>\n

 <\/p>\n

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The post Stocks in Europe Edges Higher with US Payrolls in Spotlight<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog European stocks traded higher on Friday as the release of the US non-farm payrolls data is in the spotlight, which is expected to give hints as to when the Federal Reserve would begin tapering. The pan-European Euro Stoxx 50 edged 0.30% higher at 2,962.15, while the German DAX moved up … <\/p>\n

Continue reading “Stocks in Europe Edges Higher with US Payrolls in Spotlight”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-45066","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=45066"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45066\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=45066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=45066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=45066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}