{"id":156979,"date":"2019-10-07T06:45:42","date_gmt":"2019-10-07T10:45:42","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=156979"},"modified":"2019-10-07T05:22:13","modified_gmt":"2019-10-07T09:22:13","slug":"stocks-rebound-accelerates-after-employment-report-eases-recession-fears","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/stocks-rebound-accelerates-after-employment-report-eases-recession-fears\/","title":{"rendered":"Stocks rebound accelerates after employment report eases recession fears"},"content":{"rendered":"
October 7, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dollar weakening continues despite solid jobs report<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> rebound broadened on Friday after solid September jobs report. The S&P 500<\/a> rose 1.4% to 2952.01, falling 0.3% for the week. Dow Jones <\/em> industrial advanced 1.4% to 26573.72. The Nasdaq <\/em> gained 1.4% to 7982.47. The dollar weakening continued at steady pace as US economy added below expected 136,000 new jobs in September while unemployment rate dropped to 3.5%: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, slipped 0.1% to 98.78 but is higher currently. Stock index futures point to lower openings today.<\/p>\n

\n
\n

FTSE 100 leads European indexes movements<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> rebounded on Friday led by defensive shares. The EUR\/USD<\/em> continued its climb Friday while GBP\/USD <\/em> slid with both pairs lower currently. The Stoxx Europe 600 Index gained 0.7%. The DAX 30 <\/em> rose 0.7% Friday to 12012.81. France\u2019s CAC 40 <\/em> advanced 0.9% and UK\u2019s FTSE 100 <\/a> rallied 1.1% to 7155.38.<\/p>\n

\n
\n

Australia\u2019s All Ordinaries Index extends gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today. Nikkei <\/em> gave up earlier gains ending 0.2% lower at 21375.25 with yen resuming its slide against the dollar. Markets in Hong Kong and mainland China remained closed for a holiday. Australia\u2019s All Ordinaries Index extended gains 0.7% as the Australian dollar renewed its slide against the greenback.<\/p>\n

\"<\/p>\n

\n
\n

Brent <\/a> up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending gains today. Prices rose on Friday buoyed by Baker Hughes report the number of active US oil rigs fell by 3 to 710 last week: Brent for December settlement ended 1.1% higher at $58.37 a barrel Friday, posting 4.4% loss for the week.<\/p>\n

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

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 Dollar weakening continues despite solid jobs report US stocks rebound broadened on Friday after solid September jobs report. The S&P 500 rose 1.4% to 2952.01, falling 0.3% for the week. Dow Jones industrial advanced 1.4% to 26573.72. The Nasdaq gained 1.4% to 7982.47. The dollar weakening continued at steady pace as US economy […]<\/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-156979","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156979","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=156979"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156979\/revisions"}],"predecessor-version":[{"id":156981,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156979\/revisions\/156981"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=156979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=156979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=156979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}