US ADP private sector employers added 217,000 job in February, well above expectations for a raise of 175,000. The January result was also revised modestly higher. US non-farm payrolls are expected to rise by 193,000 on Friday.
European shares ended lower on Wednesday as the political unrest in Libya and rising tensions in the Middle East pushed crude oil prices towards recent highs. Automakers were among the worst hit sectors, down 1.8pct. The FTSEurofirst index fell by 0.7pct, the German Dax was lower by 0.6pct and the UK FTSE fell by 0.4pct.
US sharemarkets edged higher in a volatile trading session on Wednesday. The better than expected employment data and upbeat Fed beige book supported investor sentiment. However the rising oil price capped gains. With an hour of trade, the Dow Jones index was up 35pts or 0.3pct with the S&P 500 gained 0.4pct and the Nasdaq was higher by 17pts or 0.6pct.
Source:
No comments:
Post a Comment