US equities closed firmly higher on Friday after the highly anticipated US non-farm payroll report for May came in broadly as expected, and the US unemployment rate remained unchanged.
The non-farm payrolls report showed that the US economy added 217,000 jobs in May, just 1,000 fewer than the consensus expectation, while the April number was revised down slightly to 282,000, from its the very strong original print of 288,000. At the same time, the
The US jobs data and subsequent strong performance by US stocks, combined with some upbeat data from
Data released over the weekend revealed that
Meanwhile, "the release of this morning’s Japanese GDP revision has only given investors more reason to be positive this morning," says
Second estimates released by
"What made this sweeter was that it was driven by capital investment, a sign that the message of Abenomics is getting through to the right people," says Erlam.
Ahead of the
However, "the European session is shaping up to be a rather quiet one today," says Erlam. "A combination of bank holidays in
Still to come in a quiet data calendar Monday, Sentix investor confidence data for the eurozone is released at
In corporate news, ahead of the
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