S&P/ASX 200 rises following better-than-expected jobs report
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S&P/ASX 200 rises following better-than-expected jobs report
Brent crude futures fell 3.2% to US$66.49 per barrel on Wednesday on fears that rising inflation might lead the US Federal Reserve to raise interest rates. Gold prices hit a four-month high of US$1,889.75 on Wednesday.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.80% to 6,987 by about 12.45 pm following the release of better-than-expected job numbers.
Australia’s jobless rate declined from 5.6% to 5.5% in April, beating economists’ expectations, with the number of unemployed people falling by 33,000.
The market was expecting the unemployment rate to remain steady at 5.6% and for 20,000 jobs to be added.
FTSE 100 ends in positive territory; Wall Street reacts to strong jobs data
The UK blue chip index moved higher while Wall Street benefits from better than expected US jobless claims and Bitcoin recovers
FTSE 100 up 70 points
US riding higher
5.10pm: Positive morning on Wall Street helps FTSE to the finish
The FTSE 100 ended Thursday up 70 points, 1%, at 7,020, and the FTSE 250 added 157 points, 0.7%, to 22,392. What a difference a day makes, IG Senior Market Analyst Joshua Mahony wrote. Financial markets have gone from a sea of red to one of overwhelming optimism, with the Nasdaq and DAX leading the charge.
Speaking of, the US tech-focused exchange was up 207 points, 1.6% to 13,507 at midday. The Dow gained 241 points, 0.7%, to 34,137, and the S&P 500 rose 42 points, 1%, to 4,158.
FTSE 100 edges back into positive territory; Wall Street set to fall again at open
The UK blue chip index in the green but US markets likely to fail to rally after recent falls
FTSE 100 up 17 points
Trainline comes off the rails
B&Q owner Kingfisher slips
12.30pm: Investors await US jobless claims
Wall Street is expected to continue Wednesday s declines as investors await the latest figures for weekly jobless claims.
The Dow Jones Industrial Average is forecast to open 143 points or 0.4% lower, while the S&P 500 is set for a 0.32% decline and the Nasdaq Composite is showing a 0.26% fall.
Technology shares are under pressure again after weaker than expected earnings guidance from networking hardware group Cisco.