The economic calendar is relatively light today, with investors awaiting
The Asian markets are trading mixed, with the key benchmark indexes in
The strong US jobs report has given investors a reason to believe that the Federal Reserve will raise interest rates sooner rather than later. The dollar held firm at one-week highs in Asian deals, pressuring commodities such as crude, copper and gold.
In news out of
In corporate news, the deal by the French government to acquire a 20% stake in
French oil services provider
The European markets edged higher on Thursday as investors cheered strong US jobs data and dovish comments from the
US stocks rose overnight after the latest jobs report showed a bigger-than-expected surge in job creation last month pushing the jobless rate down to almost six-year low and effectively dispelling recent fears about the economy's health.
Initial jobless claims rose marginally last week and service sector activity grew at a slower rate than expected in June, while the country's trade deficit narrowed by more than expected in May, separate reports showed. While the Dow rose half a percent to close above 17,000 for the first time ever, the tech-heavy Nasdaq and the S&P 500 gained about 0.6% each.
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