US stocks closed higher on Friday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
US stocks pared gains on Friday after weaker-than-expected labour market data from the US. US non-farm payrolls increased less than forecast in August. At the same time, unemployment rate unexpectedly declined from 8.3% to 8.1% last month, mainly as more people gave up looking for jobs. However, hopes that the Fed will ease its monetary policy in response to weakening job market buoyed US equities. The S&P 500 Index added 0.41% to end the week at 1,437.92. A half of sectors within the index moved higher. The top-performers were basic materials and oil and gas companies. Airgas, Cliffs Natural Resources and FMC advanced by 1.69%, 14.19% and 0.81%, respectively. Oil and gas companies were lifted by strong energy prices. Alpha Natural Resources, Apache and Devon Energy rose 16.75%, 3.87% and 1.61%, respectively. At the same time, telecommunications and consumer goods weighted down on the US stocks index, with CenturyLink and Wal-Mart Stores falling by 2.37% and 1.32%. 

 

Back to articles

Actual Topics

Mon, 10 Sep 2012 12:15:42 GMT

Eurozone sentiment grew in September

Research group Sentix reported on Monday that investor sentiment in Eurozone improved this month, after five months of decline, on ECB's plans to rescue the 17-nation currency. The monthly index, which tracks investors sentiment in EMU, grew to -23.2 this month from the August's figure of -30.3, which is more than an expected decline on 0.4 points.

Mon, 10 Sep 2012 11:00:44 GMT

Wheat climbed on stronger demand for US supplies

Agricultural commodities jumped on Friday amid broadly weaker greenback and strengthening demand. Meanwhile, market participants remained focused on crop reports releases from the US and weather forecasts in the top-growing regions. Wheat rose for the third consecutive session on signs that demand for US shipments is improving as cheaper Russia's supplies started to fall. Corn inched up after Informa Economics downgraded

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.