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Global Equities Lower Than US Monthly Employment Report | Business

Tokyo (AP) — Global equities fell almost on Friday ahead of the release of US monthly employment statistics, which appears to be a sign of a recovery from the pandemic.

European and Asian markets have fallen, and US futures have also fallen slightly. On Thursday, Wall Street receded, dragged by a fall in tech stocks.

France’s CAC 40 fell nearly 0.1% to 6,504.65 in early trading, while Germany’s DAX fell less than 0.1% to 15,623.14. The UK’s FTSE 100 fell nearly 0.2% to 7,053.82. The future of the S & P 500 has remained unchanged, and the future of the Dow Jones Industrial Average has fallen 0.1%.

In Asian trading, the Japanese benchmark Nikkei 225 fell 0.4% to close at 28,941.52. South Korea’s Kospi fell 0.2% to 3,240.08 and Australia’s S & P / ASX 200 rose 0.5% to 7,295.40. Hong Kong’s Hang Seng Index fell 0.2% to 28,918.10, and Shanghai Composite offset previous losses, rising 0.2% to 3,591.84.

Is U.S. work A report released on Friday could clarify more about the potential for economic recovery and inflation. Economists predict that employers will show that they added 650,000 jobs in May.

Improvements in the job market suggest that the economy is gaining momentum after the pandemic, but investors are paying attention to signs of inflation.

“If there is a strong improvement in the labor market tonight, the timeline for recovering to maximum unemployment could be shortened, which could again raise concerns about tapering,” said Jun IG. Ron Yep said in a comment.

The benchmark S & P 500 index fell 0.4% on Thursday to 4,192.85. Stock prices have been lowered by tech companies. Their expensive valuations are sensitive to inflation concerns, heading for a weekly loss of 0.3%.

Inflation is expected to rise as the economy recovers from the effects of the pandemic, but the key question for many on Wall Street is whether it is temporary or permanent. ..

This is likely to raise interest rates for central banks and attract investors from stocks to higher-yielding alternatives.

The Dow Jones Industrial Average fell 0.1% to 34,577.04. Technology-focused Nasdaq fell 1% to 13,614.51. The Russell 2000 Index for small businesses was down 0.8% to 2,279.25.

In energy trading, electronic trading on the New York Mercantile Exchange raised benchmark US crude oil by 32 cents to $ 69.13 a barrel. It fell two cents to $ 68.81 a barrel on Thursday. International standard Brent crude was $ 71.58 a barrel, up 27 cents.

The US dollar fell from 110.29 yen to 110.19 yen. The price of the euro has fallen from $ 1.2127 to $ 1.2113.


Yuri Kageyama uses Twitter

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Global Equities Lower Than US Monthly Employment Report | Business

Source link Global Equities Lower Than US Monthly Employment Report | Business

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