paris (reuters) – european stock markets ended up on friday, which is supported by the sharp decline of the euro following a report on the employment market for us better anticipate a gradual normalization of the monetary policy of the federal reserve (fed).
in paris, the cac 40 rose to 1.42 per cent (72.95%) 5.203,44 points. the united kingdom has gained well, footsie 0.49% and 1.18%, the dax of germany.
the euro stoxx 50 index was 1.18%, ftseurofirst stoxx 600 300 1% and 0.95%.
over the week, the acc was 1.40% and 1.13% stoxx 600.
the number of jobs rose more than expected in july, the united states and the wages increased again, opening the door to an announcement by the federal reserve balance sheet conditions for reduction of the next month.
the labour department also revised up the figures for june show 9000 jobs more than initially announced, 231 000, and the unemployment rate rose to 4.3 per cent, compared to 4.4% in june.
“not only the creation of jobs in july exceeded expectations, but there was a significant increase in the numbers (in june),” says brian jacobsen, in charge of investment strategy at wells fargo fund management.
“bring this report on employment with a weaker dollar and the fed has no reason to depart from its plan to reduce its balance sheet, raising rates again this year,” he added.
this publication is for the dollar climbed 0.8% against a basket of currencies of reference, its fastest growth rate in a session for eight months. the single european currency is close to 1%.
investors evaluate the probability of 50%, an increase of 1 percentage point in the rate of the us central bank at its meeting of 12 and 13 december, according to the measure fedwatch cme group. the traders involved 46% prior to the issuance of the employment figures.
the european banking sector (+ 1.2%) has been supported by the prospects for reducing the enormous balance sheet of the edf and the next rate hike. in paris, a general partnership ended with a gain of 6.5%.
on the other hand, the real estate sector index is the second least strong day (0.38%) affected by the rise in bond yields.
thus, the performance of the german bund 10 years took up to three basis points. the u.s. treasury bond of similar maturity has won up to five basis points.
the values, swiss re was 3.05%, the largest decline in the index smi of the zurich stock exchange, which has won 0.44%. the second global reinsurer announced that it had cut its sales by 10% during the season of renewal for life insurance in july in the context of a further decline in prices.
the increase in the merlin entertainments, rose 5.75% by the second operator in the maintenance world disney amusement parks in its annual forecast, despite the cautious approach in the short term in britain because of the recent attacks in the country.
oil prices rebounded after having been punished in the morning by the increase in exports of opec producers and high production.
at the time of the end in europe, wall street is also slightly with a burst to the compartment financial, wins 1% higher for almost ten years.
(laetitia. edited by wilfrid exbrayat)
copyright & copy;, thomson reuters
Translated by forexguides.info Team