Friday's strong close came on the back of the release of a report from the
The US 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 very strong original print of 288,000. At the same time, the
The NASDAQ Composite closed at its highest level since March, up 0.6% at 4,321.399, while the DJIA and S&P 500 both closed at all-time highs. The former ended the day up 0.5% at 16,924.28, with the latter closed up 0.5% at 1,949.44.
However, with no US data due to be released Monday,
"US markets must rely on Friday's job number if they are to retain the upward move that was so clearly in evidence last week," says
At the corporate level, US-meat producer
However, "the expected price of
Meanwhile, in the forex market, the euro continues to struggle against its major rivals, after it fell in the wake of a disappointing eurozone Sentix investor confidence survey outcome. The reading of the current economic situation slipped to a six month low of 8.5 in June, down from 12.8 in May and missing economists forecasts for a rise to 13.2.
Ahead of the US equity market open, the single currency trades at
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