FED:AAP Markets Report on Wednesday MARKETS WRAP FINAL
SYDNEY, Oct 23 AAP - Markets Report on Wednesday:
INDEX MOVE CLOSE Dow Jones 75.46 15467.66 S&P500 10.01 1754.67 Nasdaq 9.52 3929.57 FTSE100 41.46 6695.66 Dax 80.24 8947.46 CAC40 18.51 4295.43 Shanghai -18.59 2210.65 Hang Seng -122.16 23315.99 Nikkei225 19.68 14713.25 NZX 50 29.232 4831.789 S&P/ASX200 21.3 5373.1 All Ords 19.7 5371.2 SPI Contract* 31 5387 CURRENCIES*: CLOSE AUD/USD 0.9712 EUR/USD 1.3782 USD/YEN 98.11 NZD/USD 0.8515 METALS: MOVE CLOSE Gold/$USoz 26.80 1342.60 Silver/$USoz 0.512 22.790 Copper/$USlb 0.0320 3.3355 LME/$UStonne: MOVE 3MTHS Copper 88.00 7332 Tin 425.0 23225 Lead 15.00 2205 Zinc 22 1962 Aluminium 29 1879 Nickel 485 14850 OIL: MOVE CLOSE Brent Crude 0.33 109.97 WTC Crude/$Usbrl -1.42 97.80 * still trading ** preliminary close (Gold, silver, copper and Brent crude are December contract; WTC oil is November contract) Sourcedata: Reuters/Dow Jones
NEW YORK - US stocks rose on generally solid corporate earnings and increased confidence after a weaker-than-expected jobs report suggested the US Federal Reserve will not soon scale back its stimulus program.
The Dow Jones Industrial Average on Tuesday rose 75.46 points (0.49 per cent) to 15,467.66.
The broad-based S&P 500 tacked on 10.01 (0.57 per cent) at 1,754.67 while the tech-rich Nasdaq Composite increased 9.52 (0.24 per cent) to 3,929.57.
The gains followed a trove of corporate earnings from companies such as Dow component DuPont and consumer products company Kimberly-Clark, both of which bested expectations.
Analysts at Wells Fargo Advisors said that with roughly 100 members of the S&P 500 having reported earnings thus far, early results are "rather encouraging".
LONDON - Europe's main stock markets rose and the euro soared as investors interpreted lacklustre US jobs data as a sign that the Fed will maintain its stimulus policy intact.
At close, Frankfurt's DAX 30 climbed 0.90 per cent to set a new record at 8,947.46 points.
London's benchmark FTSE 100 index added 0.62 per cent to 6,695.66 points, and the CAC 40 in Paris rose 0.43 per cent to 4,295.43 points after briefly breaking the 4,300 mark for the first time since the financial crisis hit in late 2008.
The US Labor Department posted tepid numbers for September job creation, generating a less-than-expected 148,000 jobs during the last month even though the data also showed the unemployment rate fell to 7.2 per cent from 7.3 per cent a month earlier.
The euro closed at $US1.3773, up from $US1.3681 late in New York on Monday.
HONG KONG - Asian markets were mixed in cautious trading as investors awaited the release of delayed US September jobs data.
The dollar edged up against the yen, returning to its upward trend after this month's Washington standoff over the debt ceiling and budget had sent investors running to the Japanese unit.
Tokyo on Tuesday rose 0.13 per cent, or 19.68 points, to 14,713.25 thanks to the weakening yen, while Sydney climbed 0.40 per cent, or 21.3 points, to 5,373.1. Seoul added 0.15 per cent, or 3.11 points, to end at 2,056.12.
However, Shanghai fell 0.83 per cent, or 18.59 points, to end at 2,210.65 and Hong Kong lost 0.52 per cent, or 122.16 points, to end at 23,315.99