ADVFN Newsdesk - Upbeat Jobs Data May Generate Early Buying Interest

[ADVFN] [World Daily Markets Bulletin] [Daily world financial news] [Friday, 03 February 2017 10:46:15] [Monitor] [Quote] [Charts] [News] [Toplists] [Forex] [Boards] An ADVANCED Investing Webinar. The 2 MOST PROFITABLE methods (used by Hedge Funds) to acquire Gold & Silver! Collapse-Proof your wealth and PROFIT 12% to 26.4% per year! Retire without running out of MONEY! [REGISTER NOW] --------------------------------------------------------------- US Market [To view the charts please add newsdesk@advfn.com to your contact list] NYSE AMEX Dow Jones Nasdaq [NYSE] [AMEX] [Dow Jones] [Nasdaq] Please click on the images to view our interactive charts The major U.S. index futures are pointing to a higher open on Friday following the release of a report from the Labor Department showing stronger than expected job growth in the month of January. The data is likely to add to optimism about the outlook for economy. The markets may also benefit from analyst comments suggesting that the slowdown in the annual rate of wage growth shown in the report will lead the Federal Reserve to leave interest rates unchanged at its next meeting in March. Stocks showed a lack of direction throughout much of the trading session on Thursday after recovering from an initial move to the downside. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session mixed. While the S&P 500 inched up 1.30 points or 0.1 percent at 2,280.85, the Dow edged down 6.03 points or less than a tenth of a percent to 19,884.91 and the Nasdaq dipped 6.45 points or 0.1 percent to 5,636.20. The choppy trading on Wall Street came amid uncertainty about the monthly jobs report as well as the impact of President Donald Trump’s policies. Ahead of the monthly jobs report, the Labor Department released a report showing a bigger than expected drop in first-time claims for U.S. unemployment benefits in the week ended January 28th. The report said initial jobless claims dropped to 246,000, a decrease of 14,000 from the previous week's revised level of 260,000. Economists had expected jobless claims to dip to 253,000. A separate report released by the Labor Department this morning showed a continued increase in labor productivity in the fourth quarter. The report said productivity climbed by 1.3 percent in the fourth quarter after surging up by a revised 3.5 percent in the third quarter. Economists had expected productivity to increase by 1.0 percent. The Labor Department also said unit labor costs surged up by 1.7 percent in the fourth quarter following a 0.2 percent uptick in the previous quarter. Costs had been expected to jump by 1.9 percent. Meanwhile, reports of a contentious call between Trump and Australian Prime Minister Malcolm Turnbull have raised some concerns about relations with key allies under the new administration. Trump also said Iran has been “put on notice” after conducting a ballistic missile test, further sparking some geopolitical concerns. Most of the major sectors ended the day showing only modest moves, contributing to the roughly flat close by the broader markets. Gold stocks moved sharply higher, however, with the NYSE Arca Gold Bugs Index surging up by 2.3 percent. With the jump, the index reached a nearly three-month closing high. Considerable strength was also visible among natural gas stocks, as reflected by the 1.6 percent gain posted by the NYSE Arca Natural Gas Index. The index rebounded after ending the previous session at its lowest closing level in well over two months. Steel and commercial real estate stocks also saw notable strength on the day, while weakness was visible among telecom and brokerage stocks. --------------------------------------------------------------- New Traders Wanted: We Provide ALL Trading Capital & Training If you'd like to learn to trade with NO risk to your own capital – you need to attend this Free Online Investing Seminar. We will fund your trading account – up to $250,000. The better trader you become – the more trading capital we'll provide. Funds are limited so don't miss this once-in-a-lifetime opportunity. To select a convenient time to learn more, just click on this link: [REGISTER HERE] --------------------------------------------------------------- US Economic Reports [To view the charts please add newsdesk@advfn.com to your contact list] CADUSD Oil Gold Allbanc [CADUSD] [Oil] [Gold] [Allbanc] Please click on the images to view our interactive charts Employment in the U.S. increased by more than anticipated in the month of January, according to a report released by the Labor Department. The report said non-farm payroll employment jumped by 227,000 jobs in January after climbing by a revised 157,000 jobs in December. Economists had expected an increase of about 175,000 jobs compared to the addition of 156,000 jobs originally reported for the previous month. Despite the stronger than expected job growth, the unemployment rate inched up to 4.8 percent in January from 4.7 percent in December. The rate had been expected to remain unchanged. Meanwhile, the Labor Department said the annual rate of average hourly employee earnings growth slowed to 2.5 percent from 2.8 percent. Chicago Federal Reserve President Charles Evans is due to speak on current economic conditions at the Prairie State College Economic Breakfast in Olympia Fields, Illinois, at 9:15 am ET. At 10 am ET, the Institute for Supply Management is scheduled to release its report on service sector activity in the month of January. The ISM’s non-manufacturing index is expected to edge down to 57.0 in January from 57.2 in December, although a reading above 50 would still indicate growth in the service sector. The Commerce Department is also due to release its monthly report on new orders for manufactured goods, with orders expected to climb by 0.9 percent in December after slumping by 2.4 percent in November. --------------------------------------------------------------- My #1 Rule: Don't Buy Options The sad truth is that options buyers lose money on 7 of every 10 trades. They place high-risk trades, hoping for a big payout. But they lose - a LOT! That's why I don't buy options. Instead, I flip them on their head and do "this" with them. I make money 85% of the time! For a limited time, I'm guaranteeing you at least $67,548 per year in profitable options trades if you follow this easy step-by-step process. To learn my options secret, [click here.] --------------------------------------------------------------- Europe markets The major European markets have all moved to the upside on the day. While the German DAX Index is up by 0.2 percent, the U.K’.s FTSE 100 Index and the French CAC 40 Index are up by 0.6 percent and 0.8 percent, respectively. The day's economic reports offered a mixed bag. Eurozone retail sales unexpectedly fell in December on food and auto fuel sales and service sector growth in the U.K. eased more than expected at the start of the year amid slower output growth and higher costs. Meanwhile, the final Markit Eurozone PMI Composite Output Index came in at 54.4 in January, unchanged from December but above the flash estimate of 54.3. Banks are trading mostly higher on reports Trump plans to sign an executive order to water down the 2010 Dodd-Frank financial regulatory framework put into effect in response to the 2008 financial crisis. Sweden's Skanska has rallied after reporting an increase in fourth quarter profits, helped by a stronger-than-expected performance at all its property development businesses. ITV shares have also moved higher percent in London on a brokerage upgrade. On the other hand, Spanish lender Banco Popular has come under pressure after reporting a massive annual loss, hit by extraordinary provisions and additional charges to clean up its balance sheet. German retail giant Metro has also moved to the downside after its fiscal first-quarter profit fell 64 percent to 200 million euros, hurt by currency fluctuations. --------------------------------------------------------------- Stocks just did something really spooky Nervous about where the stock market is headed next? Wonder what President Trump will mean for your stocks? You're not alone. This market has everyone on edge. But what if I told you the Dow could reach 31,000 by this time next year? That's the good news ... The bad news is we're going on a roller coaster ride through hell to get there. "Sitting tight" is the WORST thing you could do. 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The benchmark Shanghai Composite Index dropped 19 points or 0.60 percent to 3,140.17 after the country's central bank tightened interest rates and a closely-watched barometer of the manufacturing sector indicated slower growth in January. The Caixin China manufacturing purchasing managers' index dropped to 51 in January from 51.9 in December amid a loss of momentum in output and new orders. Hong Kong's Hang Seng Index fell 55.31 points or 0.24 percent to 23,129.21. Business conditions in Hong Kong saw little change in January, the latest survey from Nikkei revealed, with a PMI score of 49.9, down from 50.3 in December. Japanese shares closed marginally higher as the yen weakened and a Nikkei survey showed that Japan's services sector continued to expand in January, although at a slower pace. Meanwhile, the minutes of the Bank of Japan’s December meeting showed that board members believe the country's economic recovery remains on a moderate recovery path, but inflation expectations continue to be in a weakening phase, hampering the central bank's stated goal of ending deflation. The Nikkei 225 Index closed 3.62 points or 0.02 percent higher at 18,918.20, while the broader Topix index rose by 0.30 percent to finish at 1,514.99. Sumitomo Metal Mining, Pacific Metals, Sony and Sumitomo Electric Industries were among the prominent gainers. Sony climbed 5 percent after its PlayStation business showed healthy growth in the third quarter and the company said it won't sell its struggling movie and TV business. Shares of Murata Manufacturing advanced 4.5 percent on a Nikkei report that Samsung Electronics is discussing a supply deal with the company for making batteries for its next-generation Galaxy S8 smartphones. Australian shares fell after reports of a contentious call between Trump and Australian Prime Minister Malcolm Turnbull raised some concerns about U.S.-Australian relations. Data showing slowing growth in the country's services sector also dented sentiment. The benchmark S&P/ASX 200 Index dropped 23.80 points or 0.42 percent to 5,621.60, while the broader All Ordinaries Index slid 23.90 points or 0.42 percent to 5,672.50. Miners led declines, with BHP Billiton, Rio Tinto, South32 and Fortescue Metals Group losing 3-5 percent. Oil Search, Origin Energy and Woodside Petroleum lost 1-2 percent after oil futures gave back early gains to close lower on Thursday despite growing tensions between the United States and Iran. Virgin Australia shares fell 4.7 percent as the airline said tough conditions in the domestic aviation market hurt its second-quarter earnings. Gold miners Newcrest Mining and Evolution rose over 1 percent after gold prices hit 11-week highs overnight. --------------------------------------------------------------- Get FREE Options Trades from Our All-Star Traders Every Day You can get a specific trade recommendation from one of our five trading pros delivered to your inbox each and every morning absolutely FREE. Sign up in the next 24 hours and you'll join a select group of investors who are racking up market-beating results with these trades, day in and day out. And when I say free, I mean FREE. There are no forms to fill out...no strings...no credit card required...ever. [Just click here to enter your email address and get 251 trades a year FREE for life.] --------------------------------------------------------------- Currency and Commodities Markets Crude oil futures are rising $0.24 to $53.78 a barrel after slipping $0.34 to $53.54 a barrel on Thursday. Gold futures are currently trading at $1,215.90 an ounce, down $3.50 from the previous session’s close of $1,219.40 an ounce. On Thursday, gold climbed $11.10. On the currency front, the U.S. dollar is trading at 112.79 yen compared to the 112.80 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.0756 compared to yesterday’s $1.0759. --------------------------------------------------------------- Free Options E-Book: How To Win 80% of Trades Do you trade options like the professionals do? Most options traders make the same mistakes - which is why they consistently lose money. But when you learn just 3 simple strategies, you can earn consistent income. [Claim your free E-Book now for details.] --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here]. 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