{"id":119095,"date":"2018-01-05T07:23:59","date_gmt":"2018-01-05T12:23:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=119095"},"modified":"2018-06-01T15:46:48","modified_gmt":"2018-06-01T15:46:48","slug":"us-stocks-finish-at-records-on-strong-jobs-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/us-stocks-finish-at-records-on-strong-jobs-data\/","title":{"rendered":"US stocks finish at records on strong jobs data"},"content":{"rendered":"
January 5, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow closes above 25000<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>ended at record highs on Thursday with solid jobs data underpinning upbeat market sentiment. The dollar weakened: 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, lost 0.4% to 91.848.\u00a0Dow Jones\u00a0<\/em>industrial average rose 0.6% to record close 25075.13. TheS&P 500\u00a0<\/em>gained 0.4% to 2723.99 led by financial shares up 0.9%. The\u00a0Nasdaq\u00a0<\/a>composite rose 0.2% to 7077.91.<\/p>\n

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Nine out of the 11 primary S&P 500 sectors finished higher on stronger than expected private sector hiring: employers added 250,000 jobs in December, more than the 190,000 jobs addition forecast, according to payroll processor ADP. The stock market rally, driven by tax cut stimulus expectations last year, continues as dollar weakness buoys US companies earnings prospects in overseas markets.<\/p>\n<\/div>\n<\/div>\n

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Carmaker shares lead European indices advance<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>extended gains on Thursday led by carmaker shares. The\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>advances against the dollar resumed. The Stoxx Europe 600 index rose 0.9% supported by positive services sector data for euro-zone. Germany\u2019s\u00a0DAX 30\u00a0<\/a>rose 1.5% to 13167.89. France\u2019s\u00a0CAC 40\u00a0<\/em>jumped 1.6% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained 0.3% to all-time closing high 7695.88. Indices opened mixed today.<\/p>\n

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Markit reported the final reading on the euro-zone\u2019s services purchasing managers index came in better than expected at 56.6, up from November reading of 56.2. The services PMI climbed to 54.2 in December in the UK, from 53.8 the previous month. Auto maker shares rose on better than expected US car sales data.<\/p>\n<\/div>\n<\/div>\n

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Asian indices join global rally<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are higher tracking Wall Street moves overnight.\u00a0Nikkei\u00a0<\/em>rose 0.9% to 23720.00 on continued yen weakness against the dollar. Chinese stocks are rising: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.2% higher and Hong Kong\u2019sHang Seng Index\u00a0<\/em>is up 0.1%. Australia\u2019s All Ordinaries Index is 0.7% higher as Australian dollar fell against the greenback on a surprise November trade deficit.<\/p>\n

\"AU200\"<\/p>\n

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Oil slips<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are edging lower today on expectations of higher US crude oil output forecast to cross above 10 million barrels per day. Prices rose yesterday on Iran unrest and US Energy Information Administration report of bigger than expected drop in domestic crude supplies of 7.4 million barrels last week. Brent for March settlement rose 0.3% to end the session at $68.07 a barrel on Thursday.<\/p>\n<\/div>\n<\/div>\n

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

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<\/div>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Dow closes above 25000 US stock indices\u00a0ended at record highs on Thursday with solid jobs data underpinning upbeat market sentiment. The dollar weakened: 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, lost 0.4% to 91.848.\u00a0Dow Jones\u00a0industrial average rose 0.6% […]<\/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-119095","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119095","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=119095"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119095\/revisions"}],"predecessor-version":[{"id":119102,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119095\/revisions\/119102"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}