european stocks buoyed by bright us jobs data
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

European stocks buoyed by bright US jobs data

Arab Today, arab today

Arab Today, arab today European stocks buoyed by bright US jobs data

European stock markets mostly
London - Arab world

 European stock markets mostly rose on Monday, as investor enthusiasm grew over bright jobs data in the United States.

Asian equities also advanced Monday, spurred by the strong US figures which raised optimism over health of the world's biggest economy.

Stocks started the week where the Dow left off Friday after the rosy employment figures had sent the US blue-chip index to an eighth straight record finish.

London and Paris pushed ahead on Monday but Frankfurt was hobbled by lacklustre second-quarter earnings from German healthcare giant Fresenius.

"European stock markets are quiet this morning," said analyst David Madden at CMC Markets UK.

"The FTSE 100 is outperforming the eurozone benchmarks ...  as mining companies are helping the London market.

"Glencore, Anglo American, Rio Tinto and BHP Billiton are some of the biggest gainers on the FTSE 100 as the price of iron ore moved higher in Asia overnight."

Rosy US jobs numbers sent Wall Street higher on Friday, with the Dow Jones Industrial Average rising to an eighth straight record finish.

The US Labor Department reported that the economy added more than 200,000 net new positions for the second straight month -- well above forecasts -- with the unemployment rate falling back to a 16-year low.

Analysts said the robust job creation figures coupled with rising wages could spur the Federal Reserve to raise the cost of borrowing a third time this year to keep a tight rein on inflation. 

"The combination of stronger jobs and wage growth, a fall in the unemployment rate and an increase in the participation rate all scream a strong labour market," added Greg McKenna, analyst at AxiTrader.  

"That, in turn, reinforces the Fed's path back toward policy normalisation and suggests the tapering of the balance sheet will begin soon and more rate hikes are coming."

- 'Broad-based growth' -

The prospect of higher rates has provided modest support for the greenback. 

Continuing political turmoil in Washington had cast doubt on President Donald Trump's stalled economic growth agenda and dragged the dollar down, and market-watchers warned the outlook for the dollar remains uncertain. 

"Given typical August liquidity conditions, we could be in for a bumpy week as the market irons out if we're in a short-term USD correction or a trend reversal," said Oanda analyst Stephen Innes. 

In commodities trading, US crude was trading at around $49 as a meeting of leading oil-exporting countries gets underway to examine why some producers were failing to fully implement cuts to rein in global supply. 

- Key figures around 1030 GMT -

London - FTSE 100: UP 0.2 percent at 7,523.80 points

Frankfurt - DAX 30: DOWN 0.2 percent at 12,270

Paris - CAC 40: UP 0.2 percent at 5,212.40

EURO STOXX 50: FLAT at 3,509.59

Tokyo - Nikkei 225: UP 0.5 percent at 20,055.89 (close)

Hong Kong - Hang Seng: UP 0.5 percent at 27,690.36 (close)

Shanghai - Composite: UP 0.5 percent at 3,279.46 (close)

New York - Dow: UP 0.3 percent at 22,092.81 (close)

Euro/dollar: UP at $1.1799 from $1.1770 at 2100 GMT on Friday

Pound/dollar: UP at $1.3045 from $1.3041

Dollar/yen: UP at 110.80 yen from 110.68 yen 

Oil - Brent North Sea: DOWN 77 cents at $51.65 per barrel 

Oil - West Texas Intermediate: DOWN 71 cents at $48.91

source:AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

european stocks buoyed by bright us jobs data european stocks buoyed by bright us jobs data

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

european stocks buoyed by bright us jobs data european stocks buoyed by bright us jobs data

 



GMT 08:23 2017 Monday ,03 April

Tesla tops quarterly sales forecast

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal

GMT 05:28 2017 Sunday ,26 November

Gas exporters call for 'fair price'

GMT 10:51 2018 Tuesday ,11 December

Cloudy weather with rain showers forecast Tuesday

GMT 20:00 2017 Monday ,25 September

Tourism minister leaves for France to attend Top Resa

GMT 22:07 2017 Tuesday ,02 May

UAE soldier martyred in Yemen

GMT 00:25 2017 Sunday ,10 September

Philippines Sees the Bloodiest

GMT 20:21 2017 Wednesday ,08 November

Ambassador Aizaz Chaudhry met members of Congress in US

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:16 2017 Monday ,25 December

Sharjah Ruler issues Emiri Decree on SGMB functions

GMT 13:16 2017 Sunday ,15 October

Qatari sheikh says assets frozen over Gulf crisis

GMT 12:50 2017 Saturday ,11 November

ICC prosecutor calls for Afghanistan war crimes probe

GMT 13:28 2012 Friday ,17 February

NYT\'s Anthony Shadid dies in Syria

GMT 16:44 2017 Friday ,01 September

Al-Bashir to partake in OIC Summit in Kazakhstan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday