{"id":159027,"date":"2019-11-04T07:11:45","date_gmt":"2019-11-04T12:11:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=159027"},"modified":"2019-11-04T07:11:45","modified_gmt":"2019-11-04T12:11:45","slug":"stocks-end-sharply-higher-on-surprise-jobs-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/stocks-end-sharply-higher-on-surprise-jobs-report\/","title":{"rendered":"Stocks end sharply higher on surprise jobs report"},"content":{"rendered":"
November 4, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakened despite stronger than expected jobs report<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> ended sharply higher on Friday on better than expected jobs report. The S&P 500<\/a> advanced 1% to fresh high 3066.91, widening its weekly gain to 1.9%. Dow Jones <\/em> industrial gained 1.1% to 27347.36. The Nasdaq <\/em> rose 1.1% to 8386.40. The dollar weakening continued despite US economy adding higher than expected 128 thousand new jobs in October. 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 97.18 and is lower currently. Futures on US stock indices point to higher openings.<\/p>\n

\"SP500<\/p>\n

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FTSE 100 led European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stock market <\/b> resumed advancing on Friday on US-China trade deal optimism. EUR\/USD<\/em> joined GBP\/USD\u2019s <\/em> continued climb Friday with both pairs lower currently. The Stoxx Europe 600 Index gained 0.7% led by mining shares. The DAX 30 <\/em> rose 0.7% Friday to 12866.79. France\u2019s CAC 40 <\/em> added 0.6% and UK\u2019s FTSE 100 <\/a> advanced 0.8% to 7302.42.<\/p>\n

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Hang Seng leads Asian Indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly rising today. Nikkei <\/em> however ended 0.3% lower at 22850.77 despite yen continuing its slide against the dollar. China\u2019s markets are rising as US Commerce Secretary Wilbur Ross said Sunday US companies will \u201cvery shortly\u201d receive licenses for doing business with Huawei Technologies: both the Shanghai Composite Index <\/em> is higher 0.6% and Hong Kong\u2019s Hang Seng <\/em> Index is up 1.8%. Australia\u2019s All Ordinaries Index extended gains 0.3% despite Australian dollar extending its gains against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging lower today. Prices rose on Friday as the oil-field services firm Baker Hughes reported the number of rigs drilling for crude dropped by 5 this week to 691, down 183 rigs from the same time last year: Brent for January settlement rallied 3.5% to $61.69 a barrel Friday.<\/p>\n

\nMarket 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 Dollar weakened despite stronger than expected jobs report US stocks ended sharply higher on Friday on better than expected jobs report. The S&P 500 advanced 1% to fresh high 3066.91, widening its weekly gain to 1.9%. Dow Jones industrial gained 1.1% to 27347.36. The Nasdaq rose 1.1% to 8386.40. The dollar weakening continued […]<\/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-159027","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159027","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=159027"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159027\/revisions"}],"predecessor-version":[{"id":159031,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/159027\/revisions\/159031"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=159027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=159027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=159027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}