AvaTrade | Nov 06, 2017 05:52AM ET
France’s CAC40 hovered at unchanged levels throughout the day on Friday before ending the session up 0.15% at a daily high of 5.518, ending another week on a postivie note. Germany’s DAX rose 0.3% to hit 13.480 after a difficult session.
Markets showed no reaction to data on Friday showing that the U.S. economy added 261.000 jobs last month, compared to expectations for an increase of 300.000 and after 33.000 jobs were cut in September. The data revealed how sluggish the U.S. economy is, as only 105.000 jobs were reclaimed in the hotel and restauration sectors after the recent series of hurricanes that hit the Gulf Coast. Elsewhere, 40.000 jobs were added in the education and health sectors (hospitals and schools reopened in Florida) and 50.000 in the corporate services field.
Average hourly earnings were unchanged in October, as was the participation rate, still abnormally low at 62,7%.
The New York Stock exchange edged moderately higher on Friday, supported by Apple (NASDAQ:AAPL), the world’s largest company in terms of market capitalisation, whose gains helped counter investors’ mixed reaction to the monthly U.S. jobs report.
The Dow Jones added 0.1% or 22.93 points to close at 23,539.19 on Friday. The S&P-500 index gained 7.99 points or 0.31% to hit 2,587.84, while the Nasdaq Composite advanced by 49.49 points or 0.74% to end the session at 6,764.44.
On a weekly basis, the le Dow Jones climbed 0.5% and the S&P 500 rose 0.3%, both claiming their eighth consecutive weekly gain. As for the Nasdaq Composite, it ended the week up 0.9%, rising for the sixth week in a row.
h3 Indices Closing Prices/h3CAC 40: +0.15%
DAX: +0.28%
DOW JONES: +0.10%
NASDAQ: +0.74%
NIKKEI 225: +0.53%
Gold –
Oil –
EUR/USD –
Bitcoin/USD –
S&P 500 (USA 500) –
Dax –
Cac 40 –
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