This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. Dollar Mixed in Quiet Trading

The U.S. dollar was mixed in quiet trading Friday ahead of the U.S. jobs report. Some risk-taking is returning to the markets on the back of data this week suggesting that the pace of the slowdown may be moderating. This is lending support to the euro and sterling and weighing on the yen and Swiss franc.

The general consolidative tone that emerged near midweek remains intact. The U.S. employment data is seen by many as the likely signal of the near-term direction, but over the last three months the market's disappointment has not been consistently been reflected or expressed in the dollar's performance.

Global equity markets were finishing the week on a firm note after having suffered in August. The MSCI Asia-Pacific Index advanced about 0.5%, led by the tech sector. The benchmark is up 2.5% on the week. Of note, the 1.8% rise in the Philippine stock index puts it at a three-month high while Indonesia's 1.3% rise is sufficient to put it at a new record high.

European bourses were generally around 0.5% higher. Their ability to hold on to the gains depends heavily on the reaction to the U.S. jobs data. Technology and financials were among the strongest sectors. The FTSE has been the best performing G7 equity market this week, advancing 4.6% as of midday in London. The Nikkei's 1.4% rise puts it at the bottom.

Bond markets were slightly heavier with G7 sovereign 10-year yields mostly 1-2 basis points higher. Japanese government bonds suffered their largest weekly loss in a couple of years. The 10-year yield rose 15 basis points to 1.135%. Peripheral European spreads were mostly quiet.
A global leader with close to 200 years of experience, Brown Brothers Harriman helps many of the world's most sophisticated mutual funds, investment managers, banks and insurance companies achieve their international business objectives. BBH provides specialist services and innovative solutions to clients that include a global custody network of close to 100 markets, accounting, administration, securities lending, foreign exchange, cash management and brokerage services. BBH operates a global business through 14 locations, including New York, Boston, New Jersey, Philadelphia, Charlotte, Chicago, Dallas, London, Dublin, Luxembourg, Zurich, Grand Cayman, Hong Kong and Tokyo.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs