Market Review

Risk Warning: Trading FX/CFDs involves substantial risks. Losses may exceed invested capital.

Daily Review 05.09.2016
 

Wall Street, European shares climb on disappointing job data

Major Wall Street and European stocks indices both took advantage on a weaker-than-expected US jobs data for August released last Friday.

The US non-farm payrolls fell short of expectations as it added only 151 000 last month, worse than economists’ forecast of 180 000 with the unemployment rate settling in 4.9%.

However, the US stocks advanced on Friday session despite the disappointing jobs data that sparked worries on potential interest rate hike.

The Dow Jones industrial average added up 72.66 points, or 0.39% to close at 18 491.96, gaining a much-needed boost from Boeing. The energy sector .SPNY, up 8%, helped S&P 500 to pace gains as it advances 9.12 points, or 0.43%, to finish at 2 179.98. The NASDAQ Composite rose 22.69 points, or 0.43%, to settle at 5 249.90.

In Europe, U.K.’s benchmark FTSE 100 index finished higher and was up 2.6%. The German DAX and France CAC gained 1.4% and 2.4% respectively.

Oil prices surge on daily trading but tumble on week session

Oil futures jumped into the green zone on Friday as it settled up nearly 3%, supported by a weaker dollar and lower employment data, but crude prices registered lower finish last week amid concerns about global glut.

The US job data of 151 000 boosted the commodities sector and caused the dollar to lose ground, closing at 95.88 against basket of major currencies.

With a weaker dollar, the West Texas Intermediate crude oil were up $1.28, or 2.97% and was last trading at $44.44 per barrel while Global benchmark Brent crude futures added $1.27, or 2.77%, to finish $46.72 a barrel.

Would you like to know more? Visit our Financial Articles page now -> Click Here

* The above data have been obtained in part from third parties, including other websites, and are presented "AS-IS". Users should bear in mind that the information published in this review may be subject to changes in face of constantly changing market trends. This information should not be construed as advice and / or substitute for professional marketing consulting nor can it take into account the special needs of each trader. Moreover, this information should not be considered a recommendation to invest and / or execute transactions and / or deposits of any kind.
Risk warning: Trading Forex and CFDs entails substantial risk of loss and it is possible to lose all your invested capital.
These products may not be suitable for everyone and you should ensure that you understand the risks involved.