Solid gains in the US after data from the labor market – Onet.pl

At the close the Dow Jones Industrial rose by 1.49 per cent., To 18191.11 points.

S & amp; P 500 gained 1.35 percent. and amounted to 2,116.10 points.

Nasdaq Comp. It increased by 1.17 per cent. and amounted to 5,003.55 points.

number of jobs in non-agricultural sectors in the United States in April increased by 223 thous., while in March increased by 85 thous., after the correction. The US unemployment rate in April was 5.4 per cent., Compared to 5.5 per cent. in March.

Analysts surveyed by Bloomberg had expected the US unemployment rate at 5.4 percent . and that the number of jobs in non-agricultural sectors will increase by 228 thousand. to 126 thousand. in March before correction.

The Labor Department also reported that hourly wages rose in April by 0.1 percent. against an increase of 0.2 percent. in March after adjustment and an increase of 0.3 percent. before correction. Here was expected in April, 0.2 percent reading.

“The result is decent. Rising above 200 thousand. new jobs leads to a decrease of resources available in the labor market. Strong employment growth, observed at the end of 2014 was not sustainable. In the near future we expect good growth in new jobs, although more moderate than a few months ago “- assessed Kathy Bostjancic, an economist Oxford Economics.

At the same time, analysts point out that Friday’s data were not good enough so that they can persuade the Federal Reserve to raise interest rates in the near future, scheduled for June, meeting.

“Data were rather ideal from the point of view of the markets. It had employment growth, but not so strong as to appear a need to raise interest rates in June, “- rated Ryan Larson, head of department for. US equity market at RBC Global Asset Management.

In response to the data from the labor market fell on Friday, US Treasury yields. The dollar initially zagregował on data fluctuations, the EUR / USD but later stabilized near the level of 1.2 which was in prior to publication of the report of the Department of Labor.

increases, after the results of the parliamentary elections, recorded on Friday, the British assets. Stock Exchange index in London gained 2.3 percent., Also strengthened the pound.

In Thursday’s parliamentary elections in the UK so far co-form the Conservative Party secured an absolute majority and will be able to govern alone. The Tories won 326 seats and received an absolute majority for the first time since 1992.

Britain’s Prime Minister and leader of the Party Conservative David Cameron said after winning the election tax cut. Once again, also he said that he intends to hold a referendum on Britain to remain in the European Union. Would be held in 2017.

Better-than-expected quarterly results gave corporation AOL. The company beat of the media industry consensus both at the level of net profit and revenue. AOL’s share price grew after the results.

A monthly sales results announced McDonald’s. Sales struggling recently with a decline in revenues fast food chain in April fell by 0.6 percent. yoy, and analysts estimated that the decline will amount to 1.8 percent. In March, McDonald’s sales drop was 3.9 percent.