Shanghai, Japan stocks reverse losses; US jobs in focus – Yahoo Finance
We are now seeing the extent to which the Ukrainian crisis has been used by Putin to shore up his political position, Nicholas Spiro , head of Spiro Sovereign Strategy in London , said by phone yesterday. The worse its getting on the economic front, the more likely it is that Putin is going to adopt an anti-western tone, both for international geopolitical reasons and domestic reasons. Sberbank dropped to a record $5.51 in New York. OAO Mobile TeleSystems (MBT) , Russias biggest mobile operator, sank 7.6 percent to $10.87. VimpelCom Ltd. (VIP) , the third-largest carrier, slid 6.3 percent to $4.73.
“That’s the right reaction, you should see yields trending higher in an improving economy,” said Hogan. Symbol NASDAQ — After climbing to an all-time high, the Dow Jones Industrial Average moderated its gains, lately up 15.35 points, or 0.1 percent, at 17,915.45. The S&P 500 advanced 1.08 point to 2,073.00, with financials pacing sector gains and utilities the poorest performer of its 10 major industry groups. The Nasdaq added 7.69 points, or 0.2 percent, to 4,777.12.
Stocks rise after jobs report; Dow hits record
During Draghi’s press conference, the market will look for any clues regarding the ECB’s intention to expand its current asset purchase program or embark on a full quantitative easing program involving the purchase of corporate bonds, as some in the market expect the ECB to eventually undertake. 6. Friday morning will see the release of the November jobs report, and ahead of that report we got the latest private payrolls report from ADP , which showed payrolls jumped by 208,000 in November, less than the 222,000 that was expected by economists. ADP CEO Carlos Rodriguez said that, “Small businesses continued to drive job gains adding almost half the home page total for the month.” Mark Zandi, chief economist at Moody’s Analytics said that at the current pace of job gains, the unemployment rate will drop by 0.5% per year. 7. We got two pieces of service sector activity on Wednesday, with Markit’s latest services PMI coming in at 56.2, showing that activity in the service sector expanded at its slowest pace since the spring.
STOCKS HIT ALL-TIME HIGHS: Here’s What You Need To Know – Yahoo Finance
The move that would help the Portuguese central bank recoup funds after bailing out Espirito Santo earlier this year. Hong Kong’s Hang Seng Index (Hong Kong Stock Exchange: .HSI) jumped to a new one-week high following Thursday’s 2 percent rally. Nikkei up 0.2% Japan’s benchmark Nikkei (Nihon Kenzai Shinbun: .N225) index reversed losses to close at a new seven-and-a-half-year peak, extending gains into a sixth session, as the yen (Exchange:JPYUSD=) hit a new seven-year low of 120.1 per dollar. Nissan Motor (Tokyo Stock Exchange: 7201.T-JP) and Fanuc (Tokyo Stock Exchange: 6954.T-JP) were some of the biggest gainers on the index, rising over 1 percent each. Read More What recession?
Stocks Are Looking To Remain Almost Flat – Yahoo Finance
The ADP read came in tad bit below estimates at 208K for November vs. 233K in October and 213K in September. The November tally is the 8th straight month of job gains in excess of 200K. Importantly, the tally for October was modestly revised higher.