2014-10-03 23:40 Author: Przemyslaw Ławrowski ( PAP) [Photo: Tomás Fano / CC / Flickr] 
Friday’s session on Wall Street brought a strong reflection of the declines recorded earlier this week. Clearly better than expected turned out to be a report of the American labor market for September. The unemployment rate in September was 5.9 percent, and the same was at its lowest level since 2008.
At the close the Dow Jones Industrial rose by 1.24 percent to 17,009, 25 points, the S & amp; P 500 gained 1.12 percent and the Nasdaq went up by 1.03 per cent.
The mood in the United States on Friday improved labor market data. The number of jobs in non-agricultural sectors in the United States in September rose by 248 thousand., While in August increased by 180 thousand., After correction (forecast: 215 thous.). The unemployment rate in the United States in September was 5.9 percent, compared to 6.1 per cent in August 2014.
Analysts surveyed by Bloomberg had expected the unemployment rate in the United States at 6.1 percent and that the number of jobs in non-agricultural sectors will increase by 215 thousand. to 142 thousand. in August before the correction.
– Investors welcomed with relief the report from the labor market recently grew because of concerns that the economy may slow down at the end of the year – rated Andrew Wilkinson principal analyst at Interactive Brokers.
According to analysts Barclays, a report from the American labor market indicates a progressive improvement in the economy of the United States. The first interest rate hike by the Fed, however, is still the most likely is only in the middle of next year.
US unemployment rate fell below 6 percent for the first time since 2008.
Earlier, the company estimated earnings at a level not exceeding one million dollars.
The sale price will be 104 zł for the paper.
– Continued improvement in the labor market will keep the Fed on a course towards normalization of monetary policy. The Fed will remain patient and the changes will be introduced gradually, especially since the rise in wages and inflationary pressures are moderate. We still believe that the Fed will raise interest rates in June next year, although there is also a risk that the first increase will take place earlier, ie., In March, when labor market conditions will improve faster than expected – they wrote.
The violent reaction to the data presented the foreign exchange market. Significant dollar strengthened. European exchanges immediately after the publication could see upward movement.
Among the published data on Friday could also find activity indicator in services in the United States. According to the reading for September has declined and amounted to 58.6 points. Analysts had expected the index to the level of 58.5 points relative to 59.6 points in the previous month. In turn, the final calculation shows that the composite PMI index in the United States was in September of 59 points to 59.6 points a month earlier.
Once again disappointed on Friday data from the euro zone. In the final calculations show that the composite PMI index in the euro area amounted to 52.0 points in September to 52.5 points at the end of the previous month. Pre-estimated the value of the index at 52.3 points.
After the stock market index in Hong Kong was in this week at its lowest level for more than four months, the finance minister of the Chinese government in Hong Kong John Tsang warned that lasting more than a week pro-democracy protests could lead to further losses in the financial markets.
Meanwhile, authorities in Beijing are repeated protests in Hong Kong are illegal. I do not intend to give way to the protesters. The fundamental issues there is no room for compromise – pointed out in an editorial journal
Read more in Money.pl
No comments:
Post a Comment