European Stocks gain, before U.S. employment data

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Source: Bloomberg

On Friday, European stocks were gaining, as investors' sentiment was buoyed by the upcoming report on U.S. employment data. The Stoxx 600 added 0.3% and reached a level of 272.20 by 10:12 a.m. London time. The index is likely to end this week with a 1.4% weekly gain, and rallied 16% from the year's low in June.

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Fri, 05 Oct 2012 13:10:55 GMT

U.S. unemployment rate unexpectedly fell to 7.8%

The U.S. jobless rate unexpectedly declined to 7.8% in September, the lowest level since Barack Obama became the U.S. President in January 2009, as employers hired more part-time workers. Economists projected the unemployment rate to increase from 8.1% to 8.2%. The U.S. economy added 114 000 employees last months following 142 000 gain in August, according to Labour Department figures. "The

Fri, 05 Oct 2012 13:00:50 GMT

The Euro steady versus the greenback on upcoming employment data

On Friday, the 17-nation currency was traded close to a 2-week high versus the U.S. counterpart, as investors eyed the upcoming U.S. employment data. EUR/USD hit a session low 1.2994, and later consolidated at 1.3011, which was a 0.04% decline for the European morning trading session. The pair's support was likely to be found at 1.2910, whereas the resistance was prone to be at 1.3059.

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