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

Asia Stocks Higher Ahead Of US Jobs Report


LONDON (AP) â¿¿ Better-than-expected U.S. jobs figures that included a surprise fall in the unemployment rate to its lowest level since January 2009 shored up markets Friday.

The U.S. government reported that the world's largest economy generated 114,000 jobs in September, roughly in line with markets' subdued expectations. However, upward revisions to previous months' figures and a fall in the unemployment rate â¿¿ from to 7.8 percent from 8.1 percent â¿¿ reassured investors, who marked stocks higher.

"While the headline number may be viewed as disappointing, there is much else to like in this report," said Dan Greenhaus, chief global strategist at BTIG.

In Europe, the FTSE 100 index of leading British shares was up 0.7 percent at 5,871 while Germany's DAX rose 1.2 percent to 7,397. The CAC-40 in France was 1.6 percent higher at 3,457.

In the U.S., the Dow Jones industrial average was up 0.5 percent at 13,565 while the broader S&P 500 index rose 0.25 percent to 1,465.

The dollar also lost some ground as investors grew more willing to buy supposedly-riskier assets â¿¿ the euro was up 0.2 percent at $1.3049, near its highest level since Sept. 19.

The price of oil, however, remained lower despite the upbeat U.S. figures as investors booked gains made this week, when concerns rose of tensions between Turkey and Syria. The benchmark New York rate was $2.41 lower at $89.31 a barrel.

Europe's financial crisis provided relatively few distractions for markets this week, though Spain's reluctance to tap a new bond-buying facility from the European Central Bank is causing investors some concern. The yield on the country's 10-year bonds edged back towards the 6 percent mark on Thursday, but fell Friday in the more risk-on environment. By late afternoon, it was 0.20 percentage points lower at 5.66 percent.

1 of 2

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 $95.61 0.65%
FB $102.84 3.30%
GOOG $694.74 2.50%
TSLA $148.19 -0.04%
YHOO $27.63 3.00%


Chart of I:DJI
DOW 16,069.37 +54.99 0.34%
S&P 500 1,871.32 +19.11 1.03%
NASDAQ 4,343.5740 +74.8110 1.75%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs