Dow Jones Higher On Nonfarm Payrolls

MarketPulse | Dec 09, 2019 12:36AM ET

Better-than-expected US non-farm payrolls data lifted US equities on Friday. Indices have started slightly negatively this morning after China’s trade data released at the weekend disappointed.

US30USD Daily Chart

The US30 index rallied for a third straight day Friday after the US economy added more jobs than forecast.

The index remains above the convergence area of the 55-day moving average at 27,253 and trendline support around the 27,205 level.
US non-farm payrolls rose by a whopping 266,000 in November, much more than the 180,000 expected. The unemployment rate unexpectedly dipped to 3.5%. There are no major US data releases scheduled for today.
DE30EUR Daily Trade

The Germany30 index rose on Friday, following Wall Street’s lead.
The index is holding the rebound from the 23.6% Fibonacci retracement of the October 3 to November 19 rally at 13,012. The 55-day moving average has risen to 12,826.
CN50USD Daily Chart

China shares rose for a fourth day on Friday with the CN50 index hitting a one week high. Today could be less positive after weekend trade data came in below forecast

Get The News You Want

Read market moving news with a personalized feed of stocks you care about.

Get The App

The China A50 index tested the 55-day moving average at 13,857, which has capped prices on a closing basis since November 20
China’s exports fell 1.1% y/y in November, the fourth month of negative growth in a row, and is a testimony of the impact the 18-month trade war is having on the export part of the economy. Imports rose 0.3% y/y, better than the -1.8% expected, so the trade surplus narrowed to $37.7 billion.
Original Post

Written By: MarketPulse

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Show moreShow Less

Send Feedback

Privacy & Disclaimer

Follow us

© 2007-2024 Fusion Media Limited.
All Rights Reserved