EQUITIES NEW YORK - U.S. stocks rose on Friday, rebounding from theprevious session's selloff, after an unexpectedly strongpayrolls report lent weight to views the world's largest economyis stronger than previously thought. With Friday's advance, The Dow and S&P 500 recorded theirfifth straight week of gains. For the week, the Dow rose 0.9percent and the S&P 500 index rose 0.5 percent. The Nasdaq fell0.1 percent for the week. For a full report, double click on - - - - LONDON - Britain's leading share index edged higher late onFriday as much stronger-than-expected U.S. jobs data suggestedgrowth in the world's largest economy was gaining momentum. U.S. jobs growth unexpectedly accelerated in October asemployers shrugged off a government shutdown. The readings forthe previous two months were revised upwards in a sign ofbuilding momentum. (Full Story) For a full report, double click on - - - - TOKYO - Japan's Nikkei share average jumped 1.3 percent onMonday morning, rebounding from the previous session's selloffafter an unexpectedly strong U.S. jobs report put to bed anylingering concerns about the pace of economic recovery. U.S. employers took on 204,000 new employees last month,almost double the expected 125,000 and defying expectations thatthe partial U.S. government shutdown would hamper job growth For a full report, double click on - - - - HONG KONG - HK's Hang Seng index to open up 0.2percent. For a full report, double click on - - - - FOREIGN EXCHANGE SYDNEY - The U.S. dollar held near two-month highs against abasket of major currencies early in Asia on Monday, havingstaged a broad rally after upbeat U.S. jobs data bolstered thecase for the Federal Reserve to scale back stimulus as early asnext month. The dollar index last traded at 81.289, holding on tomost of Friday's 0.6 percent gains after a closely watchedreport showed employers added 204,000 new jobs to their payrollslast month, soundly beating forecasts for 125,000 jobs. For a full report, double click on - - - - TREASURIES NEW YORK - U.S. Treasuries prices fell on Friday afterstronger-than-forecast October job growth revised expectationsabout how soon the Federal Reserve could start to scale back itsbond-purchase program aimed at stimulating the economy. Ten-year benchmark US10YT=RR note prices slid 1-10/32 whileyields shot up to 2.75 percent from 2.60 percent on the outlookthat the Fed could trim bond purchases sooner than March 2014. For a full report, double click on - - - - COMMODITIES GOLD SINGAPORE - Gold eased on Monday to trade near three-weeklows after an unexpectedly strong U.S. jobs report reignitedfears the Federal Reserve could begin scaling back its supportfor the economy soon. Spot gold XAU= fell 0.2 percent to $1,286.19 an ounce by0020 GMT. It lost 1.7 percent on Friday - the metal's biggestone-day drop in more than a month. For a full report, double click on - - - - BASE METALS SINGAPORE - Copper steadied on Monday after last weeklogging its biggest weekly fall in two months, as a revival inU.S. jobs growth burnished hopes for recovery in the world's topeconomy and brightened the outlook for demand. Three-month copper on the London Metal Exchange CMCU3 edgedup 0.3 percent to $7,184 a tonne by 0121 GMT, extending smallgains from the previous session. For a full report, double click on - - - - OIL NEW YORK - Brent oil rose by nearly $2 per barrel on Fridayas traders covered short positions going into the weekend andkept a close watch over a meeting between Western powers andIran over its nuclear program and renewed violence in Libya. Six western nations and Iran were expected to iron out anagreement during a meeting in Geneva. This could ease sanctionsagainst Iran, which have removed more than 1 million barrels perday (bpd) of oil from world markets. Any increase in supply fromthe Islamic Republic could push oil prices sharply lower. For a full report, double click on
LONDON BRIEFING: InterContinental Hotels makes first-quarter progress
(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out of hawkish Federal Reserve interest rate expectations.
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