U.S. shares advanced, with the Standard & Poor's 500 Index jumping the most in three weeks, as government report indicated the United States created more jobs than predicted last month. The S&P 500 added 1% to 1,631.89, the biggest gain since June 13. The Dow Jones Industrial Average inched up 1% to 15,135.84.
The Stoxx 50 Index future contracts, expiring in September, jumped 0.6% to 2,614 so far today. Futures on the FTSE 100 Index and S&P 500 Index rose 0.5% and 0.1% respectively. It is believed that European stocks might be set to rise before Mario Draghi's hearing and European finance ministers' meeting.
Emerging market stocks decreased for a second consecutive day as investors speculate that the Fed might unwind its monetary stimulus due to better-than-expected U.S. jobs data. The MSCI Emerging Market Index dropped 1.4% to 904.91 so far today. The gauge remains 14% below its value on May 22 when Bernanke signaled a possibility of an early exit of QE.
The Dollar Index increased to the highest point in 3 years as investors speculate that signs of recovery will lead to the Fed tapering its monetary stimulus. The gauge reached 84.588, the 3 year high, but then dropped to 84.532, which is 0.1% higher than the close last week. The Euro decreased 0.1% to 1.2817 U.S. Dollars, while the greenback
Gold funds' value dropped to a record low of $44.7 billion in Q2 as the gold is heading towards its first annual loss in 13 years. However, if history repeats itself, then gold should do better in the second half of the year. Gains in gold averaged 1.3% in 1981-2000 period in the second half, compared to 3.9% loss in
Indian bonds that will mature in 2022 saw their yields rise as the Rupee dropped to record lows and investors worried about rising oil prices limiting the central bank's ability to cut rates. The Indian currency dipped to an unprecedented low of 61.2125 per U.S. Dollar due to better-than-expected U.S. jobs data, which indicates that the Fed might end its
The Australian Dollar dropped to the lowest level in almost 3 years versus the U.S. Dollar amid speculations that the Reserve Bank of Australia might cut rates next month due to stagnating labor market. The Aussie decreased 0.2% to 90.46 U.S. cents. The yield on 10-year government bonds increased 11 basis points to 3.928%.
澳大利亚工业集团（AIG）7月5日给出的数据显示，澳大利亚6月AIG建筑业表现指数由上月的35.3改善至39.5，虽然依旧处于50荣衰分水岭之下，但其萎缩幅度在缓慢收窄。
Gold declined for the second day in London and the U.S. Dollar appreciated ahead of U.S. employment report that may signal the economy is growing, boosting speculation the Federal Reserve will taper bond purchases. Gold for immediate settlement slipped 1.3% to $1,234 per ounce. The August Bullion contract decreased 1.4% to $1,234.
Treasuries decreased for the second day ahead of the government data that economists predicted will indicate U.S. employers added jobs in June and the unemployment rate declined. The benchmark 10-year note yield jumped two basis points to 2.53% and the 1.75% bond maturing in May 2023 retreated 6/32 to 93 1/4.
Japanese consumers expect inflation to rise 3% in the next 12 months in June, indicating that country's reflationary policies might be working. The survey excludes the effect of a planned 3% increase in sales tax. The monetary stimulus is expected to increase spending and borrowing, however, the central bank has not yet achieved its target of 2%.
German shares advanced, prolonging yesterday's biggest rise for the DAX Index in almost three months, ahead of U.S. non-farm payrolls data that may impact the Fed's monetary stimulus. The DAX gained 0.2% to 8,012.65 as of 9:46 a.m. Frankfurt time, prolonging its climb in the previous two days to 2.3%, while the HDAX Index rose 0.2% today.
The Pound declined to the lowest point in more than a quarter as the BOE announced that it would keep monetary policy accommodative for longer than was expected. The Sterling dropped 0.4% to 1.5005 after it reached 1.4999, the lowest level since March 14. The currency also depreciated 1.4% yesterday. The Pound has slid 2% this year so far.
U.K. shares rose, with the benchmark index heading for the biggest one week advance in more than half year, before the U.S. jobs report. The FTSE 100 Index gained 0.3% to 6,438.75 as of 8:38 a.m. London time; moreover, the gauge added 3.1% on Thursday, the most in almost two years. The FTSE All-Share Index climbed 0.2%, while Ireland's ISEQ
Japan's stocks inched up, with the Topix index capping the largest rise in three weeks since April 2009, as the Japanese Yen depreciated and the European Central Bank and Bank of England underlined their determination to maintain interest rates low. The Topix jumped 1.5% to 1,188.58 and the Nikkei 225 Stock Average rallied 2.1% to 14,309.97.
Spanish and Italian 10-year government securities rose as the ECB indicated yesterday that it will keep its monetary policy accomodative. Yield on Spain's 10-year government bonds dropped 3 basis points to 4.62% after it decreased 12 basis points yesterday. Yield on similar maturity Italian government securities dipped 3 basis points as well to 4.37%. German yields increased 2 basis points.
The 17-nation currency dropped to the lowest level in five weeks versus the U.S. Dollar after the ECB's Draghi stated that interest rates will remain unchanged. The Eurozone's currency depreciated 0.7% to $1.2914 as of 5 p.m. in New York after slipping to $1.2883, the weakest since May 29. The Euro declined 0.6% to 129.18 Japanese Yen.
European shares inched up for the second day, with the Stoxx Europe 600 Index set for its largest weekly jump in two months, and investors expected report on the American employment rate. The Stoxx 600 advanced 0.2% to 292.75. The gauge is heading towards a 2.7% rise this week. Standard & Poor's 500 Index futures gained 1% and the MSCI
Stocks in Switzerland advanced for a second day in a row before the U.S. jobs data, which is expected to show that unemployment rate in the country decreased. The Swiss Market Index gained 0.5% and was last trading at 7,866.77, while the Swiss Performance Index jumped 0.5% as well. The SMI is still 6.4% below its level on May 22.
The Canada's currency reversed losses after the BoE and ECB stated that interest rates will remain low, boosting the allure of riskier investments. The Canadian Dollar fell 0.1% to C$1.0515 per U.S. Dollar as of 5:00 p.m. Toronto time after it dropped to C$1.0558 earlier. The Loonie has advanced 0.4% in the previous month versus nine developed country currencies.
The U.S. Dollar gained and stock prices increased before country's jobs data is announced, expected to show that employers hired 165,000 people in June. The Dollar Index jumped 0.9%, while S&P 500 future contracts increased 1%. The greenback rose 0.3% to 100.30 Yen. European stocks were little changed after yesterday's gain, while MSCI Asian Pacific Index gained 0.9%
The U.S. Dollar advanced against most of its major counterparts this week ahead of U.S. data today that may indicate companies created enough jobs to reduce the unemployment rate, fueling expansion prospects for the United States. The greenback jumped 0.3% to 100.30 against the Yen and added 0.2% to $1.2892 versus the 17-nation currency.
The British currency depreciated to the lowest level in five weeks versus the greenback after the BoE's Carney said that officials will remain interest rates unchanged. The Sterling declined 0.2% to $1.50545 as of 7:35 a.m. in London after reaching $1.5028, the weakest since May 29, while it traded at 85.72 pence per Euro after touching 86.33 pence on Thursday,
Most of the Chinese stocks dropped, led by health-care and energy companies that overshadowed increase in material producers' and property firms' stock prices. Shanghai Composite Index rose less than 0.1% to 2,007.2, whereas 488 shares dropped, while 406 gained. The CSI Index 300 and Hang Seng China Enterprise Index increased 0.2% and 1.9% respectively.