MARKET WRAP: Equities Moved Higher, Dollar Sank

US labour data was mixed, the headline number was strong but the average hourly number was weak. Equities jumped and gold stayed below 1300


  • The S&P 500 Index jumped 0.21 percent as of 15:00 London time. The US jobs number was the reason which pushed the markets higher. The Nasdaq Composite Index gained 0.34 percent and the Dow Jones Industrial Average rose 0.21 percent.
  • The Stoxx Europe 600 also moved in the positive territory on the back of the better than expected economic data. It gained 0.01 percent.
  • The MSCI Emerging Market Index increased by 0.4 percent.
  • The Bloomberg Dollar Spot Index maintained its gain after the NFP data and moved higher by 0.03 percent.
  • The Euro maintained its critical level of 1.12, it gained 0.06 percent to $1.1214.
  • The British pound lost its mojo and moved lower 0.44 percent to $1.3026, struggling to stay above 1.30.
  • The yield on 10-year Treasuries dropped less than one basis point to 2.50 percent.
  • Germany’s 10-year yield increased two basis point to 0.02 percent.
  • Britain’s 10-year yield gained two basis point to 1.110 percent.
  • WTI gained 0.60 percent to $62.48 a barrel.
  • Gold moved higher 0.03 percent to $1,289 an ounce.