{"id":116026,"date":"2017-11-06T06:26:45","date_gmt":"2017-11-06T11:26:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=116026"},"modified":"2018-06-01T15:53:29","modified_gmt":"2018-06-01T15:53:29","slug":"us-markets-rise-on-strong-jobs-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/us-markets-rise-on-strong-jobs-report\/","title":{"rendered":"US markets rise on strong jobs report"},"content":{"rendered":"
November 6, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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US jobless rate hits 17-year low<\/h2>\n<\/div>\n<\/div>\n

US stocks<\/b>\u00a0ended higher on Friday on strong jobs report. The dollar strengthened as jobless rate declined from 4.2% to 4.1% in October: the\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, added 0.2% to 94.914.\u00a0S&P 500<\/a>\u00a0gained 0.3% to 2587.84 led by technology shares with Apple shares gaining 2.6% on strong earnings results. The US broad market index added 0.26% for the week.\u00a0Dow Jones\u00a0<\/em>industrial average added 0.1% to 23539.19. The\u00a0Nasdaq\u00a0<\/em>composite jumped 0.7% to 6764.44.<\/p>\n

\"DJI\"<\/p>\n

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European stocks advance<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>closed higher on Friday with market sentiment supported by positive reports. The\u00a0euro\u00a0<\/em>fell against the dollar while\u00a0British Pound\u00a0<\/em>pared some of Thursday\u2019s 1.5% loss. The Stoxx Europe 600 index ended the session up 0.3%. The\u00a0DAX 30\u00a0<\/em>rose 0.3% to 13478.86. France\u2019s\u00a0CAC 40\u00a0<\/em>gained 0.1% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>added 0.1% to 7560.35. Indices opened 0.1%-0.2% lower today.<\/p>\n

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Asian indices higher<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly higher today.\u00a0Nikkei\u00a0<\/em>ended flat at 22548.35 as yen accelerated the slide against the dollar after Bank of Japan governor Kuroda said the central bank will be patient with the stimulus program. Chinese stocks are higher in choppy trade following China central bank governor\u2019s warning about rising risks to China\u2019s financial system: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.5% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 0.1% higher. Australia\u2019s All Ordinaries Index is down 0.1% with a steady Australian dollar against the greenback.<\/p>\n

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Oil rally intact<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are higher today on signs of global market rebalancing. Prices rose Friday on Baker Hughes report US oil rig count fell last week as US crude inventories declined: December Brent jumped 2.4% to $62.07 a barrel on Friday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets US jobless rate hits 17-year low US stocks\u00a0ended higher on Friday on strong jobs report. The dollar strengthened as jobless rate declined from 4.2% to 4.1% in October: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, added 0.2% to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-116026","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=116026"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116026\/revisions"}],"predecessor-version":[{"id":116035,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116026\/revisions\/116035"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=116026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=116026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=116026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}