Strong gains on Wall Street. The reason? Good data from the labor market – Polish Radio

Strong gains on Wall Street. The reason? Good data from the labor market – Polish Radio

At the close the Dow Jones Industrial rose by 1.24 per cent., To 17,009.25 points.

S & amp; P 500 gained 1.12 percent. and amounted to 1967.90 points.
Nasdaq Comp. increased by 1.03 percent. and amounted to 4475.62 points.

Good 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. The unemployment rate in the United States in September was 5.9 per cent., 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 revision.
– Investors welcomed with relief the report from the labor market, the recent growing concern about the fact that the economy may slow down at the end of the year – rated Andrew Wilkinson, chief 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 rate hike percent. However, the Fed is still the most likely is only in the middle of next year.
– 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 rates per cent. 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.

Weaker services

Rate services in the United States fell in September and amounted to 58.6 points. Analysts had expected the index to the level of 58.5 points. In August index of activity in services in the United States amounted to 59.6 points.
final calculation shows that the composite PMI index in the United States was in September 59 pts. 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.

S & amp; P 500 during the year grew by almost one quarter and set the historical record

US CBS / x-news

PAP, abo