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Wall Street Boosted By Strong Jobs Data

By MarketPulse (Andrew Robinson)ETFsNov 03, 2019 11:51PM ET
www.investing.com/analysis/wall-street-boosted-by-strong-jobs-data-200481643
Wall Street Boosted By Strong Jobs Data
By MarketPulse (Andrew Robinson)   |  Nov 03, 2019 11:51PM ET
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Daily Markets Broadcast November 4, 2019

US indices rose Friday after data showed the US economy added more jobs than expected in October though the index for factory activity came in below forecast. It’s a holiday in Japan today so activity and liquidity may be affected.

US30USD Daily Chart

US30USD Daily Chart
US30USD Daily Chart

  • The US30 index has extended Friday’s gains in early trading this morning, reaching the highest since July 25

  • The 55-day moving average is above the 100-day moving average at 26,676 for the first time since October 11

  • The US economy added 128,000 jobs in October, more than the 89,000 expected while September’s numbers were revised higher. The unemployment rate rose to 3.6% from 3.5%, as expected. Today’s data includes September factory orders, which are expected to fall 0.3% m/m, a bigger drop than August’s -0.1%.

DE30EUR Daily Chart

DE30EUR Daily Chart
DE30EUR Daily Chart

  • The Germany30 index rose the most in nine days on Friday, rising to the highest in 4-1/2 months as the strong performance on wall Street boosted sentiment.

  • The 55-day moving average has climbed to 12,293 while the 100-day moving average is at 12,248.

  • The final Markit manufacturing PMI readings for both Germany and the Euro-zone are on tap today. Provisional readings were 41.9 and 45.7 respectively.

AU200AUD Daily Chart

AU200AUD Daily Chart
AU200AUD Daily Chart

  • The AU200 index rallied for the first time of the week on Friday amid a better risk appetite across global equities. The index has slid back this morning after retail sales growth slowed.

  • The index rebounded off 55-day moving average support at 6,627. That moving average has supported prices since October 11.

  • Australia’s retail sales advanced 0.2% m/m in September, as expected but a slower pace than August’s +0.4%.

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Wall Street Boosted By Strong Jobs Data
 

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Wall Street Boosted By Strong Jobs Data

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