EQUITIES
NEW YORK - U.S. stocks rose on Friday, rebounding from the
previous session's selloff, after an unexpectedly strong
payrolls report lent weight to views the world's largest economy
is stronger than previously thought.
With Friday's advance, The Dow and S&P 500 recorded their
fifth straight week of gains. For the week, the Dow rose 0.9
percent and the S&P 500 index rose 0.5 percent. The Nasdaq fell
0.1 percent for the week.
For a full report, double click on
- - - -
LONDON - Britain's leading share index edged higher late on
Friday as much stronger-than-expected U.S. jobs data suggested
growth in the world's largest economy was gaining momentum.
U.S. jobs growth unexpectedly accelerated in October as
employers shrugged off a government shutdown. The readings for
the previous two months were revised upwards in a sign of
building momentum. (Full Story)
For a full report, double click on
- - - -
TOKYO - Japan's Nikkei share average jumped 1.3 percent on
Monday morning, rebounding from the previous session's selloff
after an unexpectedly strong U.S. jobs report put to bed any
lingering concerns about the pace of economic recovery.
U.S. employers took on 204,000 new employees last month,
almost double the expected 125,000 and defying expectations that
the partial U.S. government shutdown would hamper job growth
For a full report, double click on
- - - -
HONG KONG - HK's Hang Seng index to open up 0.2
percent.
For a full report, double click on
- - - -
FOREIGN EXCHANGE
SYDNEY - The U.S. dollar held near two-month highs against a
basket of major currencies early in Asia on Monday, having
staged a broad rally after upbeat U.S. jobs data bolstered the
case for the Federal Reserve to scale back stimulus as early as
next month.
The dollar index last traded at 81.289, holding on to
most of Friday's 0.6 percent gains after a closely watched
report showed employers added 204,000 new jobs to their payrolls
last month, soundly beating forecasts for 125,000 jobs.
For a full report, double click on
- - - -
TREASURIES
NEW YORK - U.S. Treasuries prices fell on Friday after
stronger-than-forecast October job growth revised expectations
about how soon the Federal Reserve could start to scale back its
bond-purchase program aimed at stimulating the economy.
Ten-year benchmark US10YT=RR note prices slid 1-10/32 while
yields shot up to 2.75 percent from 2.60 percent on the outlook
that the Fed could trim bond purchases sooner than March 2014.
For a full report, double click on
- - - -
COMMODITIES
GOLD
SINGAPORE - Gold eased on Monday to trade near three-week
lows after an unexpectedly strong U.S. jobs report reignited