{"id":127764,"date":"2018-06-04T06:20:29","date_gmt":"2018-06-04T10:20:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=127764"},"modified":"2018-06-04T06:20:29","modified_gmt":"2018-06-04T10:20:29","slug":"upbeat-us-jobs-report-lifts-equities","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/upbeat-us-jobs-report-lifts-equities\/","title":{"rendered":"Upbeat US jobs report lifts equities"},"content":{"rendered":"
June 4, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Technology leads US equities rebound<\/h2>\n<\/div>\n<\/div>\n

US markets\u00a0<\/b>recovered Friday on upbeat May jobs report and economic data.\u00a0S&P 500<\/a>\u00a0rose 1.1% to 2734.62, ending 0.5% up for the week.\u00a0Dow Jones\u00a0<\/em>industrial average added 0.9% to 24635.21. The\u00a0Nasdaq\u00a0<\/em>jumped 1.5% to 7554.33. The dollar strengthened as the US created 223,000 new jobs in May, above an expected 190,000: 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, rose 0.3% to 94.196 but is lower currently. Stock index futures indicate higher openings today.<\/p>\n

\"SP500\"<\/p>\n

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European stocks extend weekly losses<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>ended higher Friday led by Italian and Spanish stocks following ebbing political uncertainty. Theeuro\u00a0<\/em>fell against the dollar while the\u00a0British Pound<\/em>\u00a0climbed, and both currencies are rising currently. The Stoxx Europe 600 Index rose 1%, however ending 1.1% lower for the week. The\u00a0DAX 30\u00a0<\/em>gained 1% to 12724.27. France\u2019s\u00a0CAC 40\u00a0<\/em>rose 1.2% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>edged 0.3% higher to 7701.77. Markets opened 0.3% – 0.9% higher today.<\/p>\n

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Asian markets rising<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are gaining today as strong US nonfarm payroll report bolstered global growth perspectives.\u00a0Nikkei<\/em>ended 1.4% higher at 22475.94 helped by continued yen weakness against the dollar. Chinese stocks are gaining against the backgrowud of China\u2019s warning trade agreements are off if tariffs are imposed: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.5% while Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 1.5% higher. Australia\u2019s All Ordinaries Index is up 0.6% despite accelerated rise in Australian dollar against the greenback.<\/p>\n

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Brent\u00a0<\/a>rises<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are moving higher today. Prices fell Friday on rising US crude oil output as Baker Hughes 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.<\/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 Technology leads US equities rebound US markets\u00a0recovered Friday on upbeat May jobs report and economic data.\u00a0S&P 500\u00a0rose 1.1% to 2734.62, ending 0.5% up for the week.\u00a0Dow Jones\u00a0industrial average added 0.9% to 24635.21. The\u00a0Nasdaq\u00a0jumped 1.5% to 7554.33. The dollar strengthened as the US created 223,000 new jobs in May, above an expected 190,000: the\u00a0live […]<\/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-127764","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127764","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=127764"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127764\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=127764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=127764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=127764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}