World markets: US jobs report boosts shares

Stocks on Wall Street rose sharply when a payroll report came in better than expected and stayed up most of the day.

But they sold off late in the day as a financial industry group ruling that Greece's debt restructuring constituted a de facto default.

After rising as much as 60 points, the Dow Jones Industrial Average turned briefly negative before eking out a small gain.
The Dow gained 14.08 points, or 0.1%, to 12,922.02, down 0.4% on the week,

It was the second straight weekly drop thanks to Tuesday's 203-point decline, its first triple-digit fall in 45 days.

The S&P 500 index rose 0.4%, at 1370.87, and eked out a weekly gain, its fourth in a row. The Nasdaq Composite gained 0.6%, to 2988.34, up 0.4% on the week and also its fourth consecutive weekly advance.

Other markets: Europe steady, Asia up
Investors reacted positively to the strong uptake of Greece's proposed €206 billion private-sector debt restructuring.

The benchmark Stoxx Europe 600 Index was up 0.5% higher at 265.44. London's FTSE 100 Index was flat at 5855.18, Paris' CAC 40 Index rose 0.1% to 3481.02 and Frankfurt's DAX was 0.2% higher at 6854.83.

Japanese stocks drove a rally in Asian markets for a second straight day.

Exporters led the charge against the backdrop of the yen's recent losses, a decline in Chinese inflation and optimism over Greece's debt restructuring.

The Nikkei Stock Average, after jumping 2% on Thursday, rose 1.6% to finish at 9929.74, its highest close since Aug.ust 1. The benchmark briefly topped 10,000, also for the first time since August 1.

Hong Kong's Hang Seng Index rose 0.9% to 21,086, Australia's S&P/ASX 200 index gained 1% to 4212.0, Korea's Kospi advanced 0.9% to 2018.30 and Taiwan's Taiex climbed 0.4% to 8016.01.

China's Shanghai Composite advanced 0.8% to 2439.46 after data showed inflation slowing in February.

Commodities: Oil, gold up
Oil futures ended at their highest level in a week after the strong US jobs report.

Light, sweet crude oil for April delivery settled 82USc, or 0.8%, higher at $US107.40 a barrel, the contract's highest finish since March 1.

Brent crude oil on ICE Futures Europe settled 54USc, or 0.4%, higher at $US125.98 a barrel.

Gold futures ended up as the apparent resolution of Greece's latest debt problems reversed earlier losses on the back of stronger-than-expected US employment data.

The most actively traded contract, for April delivery, settled up $US12.80, or 0.8%, at $US1711.50 an ounce in New York. This is the first time the contract settled above $US1700 since March 5.

Currencies: Euro falls
The euro fell, weighed by a decision by the International Swaps and Derivatives Association made investors eligible for credit-default swap payouts on Greece's recently completed debt exchange.

The euro was at $US1.3118 compared with $US1.3275 late Thursday. The dollar traded at ¥82.44, compared with ¥81.55, while the euro was at ¥108.14 from ¥108.26.

The pound bought $US1.5677 from $US1.5831, while the dollar fetched 0.9189 Swiss franc from 0.9082 franc.
 


1 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

1 Comment & Question

Commenter icon key: Subscriber Verified

<h1><a href="http://www.c70c.com">العاب</a></h1>
<h1><a href="http://www.c70c.com">العاب فلاش</a></h1>
<h1><a href="http://www.c70c.com/cat-2.html">العاب كرة قدم</a></h1>
<h1><a href="http://www.c70c.com/cat-3.html">العاب بنات جدة</a></h1>
<h1><a href="http://www.c70c.com/cat-4.html">العاب سيارات </a></h1>
<h1><a href="http://www.c70c.com/cat-5.html">العاب الطبخ الجديد</a></h1>
<h1><a href="http://www.c70c.com/cat-6.html">العاب ماريو فقط</a></h1>
<h1><a href="http://www.c70c.com/cat-7.html">العب العاب اكشن</a></h1>
<h1><a href="http://www.c70c.com/cat-8.html">العاب ذكاء والغاز</a></h1>
<h1><a href="http://www.c70c.com/cat-9.html">العاب نينجا قتالية</a></h1>
<h1><a href="http://www.c70c.com/cat-12.html">العاب دراجات النارية</a></h1>
<h1><a href="http://www.c70c.com/cat-13.html">العاب سبونج بوب فقط</a></h1>
<h1><a href="http://www.c70c.com/cat-14.html">العاب مكياج بنات فقط</a></h1>
<h1><a href="http://www.c70c.com/cat-15.html">العاب تلبيس هاى</a></h1>

<h1><a href="http://www.c70c.com/cat-16.html">العاب افلام الكرتون</a></h1>
<h1><a href="http://www.c70c.com/cat-17.html">العاب رياضية كرة</a></h1>
<h1><a href="http://www.c70c.com/cat-18.html">العاب قص شعر فقط</a></h1>
<h1><a href="http://www.c70c.com/cat-19.html">العاب نكلودين جديدة</a></h1>
<h1><a href="http://www.c70c.com/cat-21.html">العاب دورا فقط</a></h1>
<h1><a href="http://www.c70c.com/cat-22.html">العاب مغامرات سونيك</a></h1>
<h1><a href="http://www.c70c.com/cat-23.html">العاب بن 10 جديدة</a></h1>
<h1><a href="http://www.c70c.com/cat-24.html">العاب باربي</a></h1>
<h1><a href="http://www.c70c.com/cat-25.html">العاب طائرات</a></h1>

Reply
Share
  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6584 -0.0016 -0.24%
AUD 0.9023 -0.0028 -0.31%
EUR 0.5993 -0.0041 -0.68%
GBP 0.4218 -0.0012 -0.28%
HKD 5.1100 -0.0061 -0.12%
JPY 81.6220 -0.2770 -0.34%

Commods

Commodity Price Change Time
Gold Index 1094.9 6.310 2015-07-31T00:
Oil Brent 52.2 -1.100 2015-07-31T00:
Oil Nymex 47.1 -1.410 2015-07-31T00:
Silver Index 14.8 0.060 2015-07-31T00:

Indices

Symbol Open High Last %
NZX 50 5891.9 5937.6 5891.9 0.49%
NASDAQ 5148.2 5155.0 5128.8 -0.01%
DAX 11271.3 11309.0 11257.1 0.46%
DJI 17755.9 17783.6 17746.0 -0.32%
FTSE 6668.9 6705.4 6668.9 0.41%
HKSE 24650.9 24661.2 24498.0 0.56%
NI225 20506.5 20585.2 20522.8 0.30%