Thursday's data showed that US non-farm payroll employment rose by 288,000 in June, exceeding the consensus expectation for 212,000 jobs to be added. That means that over the past 3 months, job growth has averaged 272,000 per month, giving investors confidence that the US economy may well be experiencing the rebound that analysts have been expecting following the particularly harsh US winter. The strong report came hot on the heels of a strong ADP jobs number from the US on Wednesday.
"All the early optimism surrounding this week's US jobs reports turned out to be well founded with both jobs report posting strong numbers in June," said
US markets held on to their post-payroll gains, and both the DJIA and the S&P 500 closed more that 0.5% higher on Thursday at 17,068.26 and 1,985.44 points, respectively.
It also has been a broadly positive session in
The post-US payroll surge seems to have lost momentum, however, with US markets closed for the
The euro remains under pressure early Friday, having just dipped below
German factory orders fell by 1.7% month-on-month in May, reversing some of the 3.4% gain recorded in April. On an annual basis, factory orders grew at 5.5%, slowing from 6.3% in the previous month.
As well as the US remaining closed, and a very quiet economic calendar, there's also the matter of a quarter-final
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