The euro zone blue-chip Euro STOXX 50 index was down 0.2 percent at 3,271.71 points after stepping in to “overbought” territory in the previous session, according to its Relative Strength Index, a closely watched indicator of share price momentum. Both indexes were up for the fourth consecutive week. European bourses came off their morning lows after data showed U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates. Nonfarm payrolls increased 142,000 last month, the Labor Department said on Friday, less than economists had expected.
Stocks May Show A Lack Of Direction Following Jobs Data – U.S. Commentary – NASDAQ.com
Losses for gold weighed on the volatile gold-miner stocks, with Newcrest Mining Ltd. off 3.1%, Perseus Mining Ltd. down 4.5%, and Kingsgate Consolidated Ltd. weaker by 5.2%.
Australia Stocks Fall As Mining Shares Weaken | Fox Business
The dollar was at 105.22 yen after rising as high as 105.71 yen, the highest level since October 2008. ENERGY: The price of oil edged lower again after slumping Thursday, when a report showed that U.S. crude supplies fell less than expected. Benchmark crude oil was down 44 cents to $94.01 a barrel in New York after falling $1.09 on Thursday. Copyright 2014 The Associated Press.
Stocks drop after US hiring slows – Quincy Herald-Whig | Illinois & Missouri News, Sports
While the report also said employment climbed by an upwardly revised 212,000 jobs in July, employment rose by a downwardly revised 267,000 in June, reflecting a net downward revision of 28,000 jobs. Despite the weaker than expected job growth, the unemployment rate edged down to 6.1 percent in August from 6.2 percent in July due to a decrease in the size of the labor force. http://www.todayhotstocks.com The data has led to worries about a pullback by the labor market following the spring recovery while also easing concerns about the outlook for monetary policy. Rob Carnell, chief international economist at ING, said, “Such weakness plays into the hands of the Fed doves, of whom, Chair Janet Yellen is the most important, and gives her more leeway to stand firm against the hawks, many of whom are calling for a change in the Fed’s language on the likely timing and scale of policy normalization.” “We were hoping for such a change to come at the September 17 FOMC meeting, though the odds on this have risen thanks to this limp-looking labor data,” he added.
Tech Stocks from Briefing.com – Yahoo Finance
Send Thanks! A link has been sent. Done July 4, 2014 11:55 AM 0 shares Content preferences Done Synnex (SNX) reported second quarter earnings of $1.52 per share, which is better than expected and $1.34-1.38 guidance; revenues rose 33.3% year/year to $3.45 billion which is better than expected. Technology Solutions: Revenue was $3.16 billion, up 24.2% YoY. Concentrix: Revenue was $293.5 million, up from $46.7 mln YoY due largely to the recently acquired IBM CRM business.