Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

Forex MCX India

Link Exchange

 
BLBG: Dollar Advances With Stocks Before Payrolls Data: Market Wrap
 
Pound weakens after U.K. services growth cools as costs weigh
Dollar pares its longest run of weekly losses since 2010


The dollar climbed and European stocks gained before a report economists forecast will show employment growth in the U.S. expanded at a faster pace in January. Bonds in Europe slid, while oil advanced.

Bloomberg’s Dollar Spot Index rose, paring a sixth weekly decline, its longest losing streak since 2010. Europe’s Stoxx 600 index advanced and the region’s bonds dropped. Britain’s pound dropped against most of its major peers after growth slowed in the service industry amid surging costs.

Central bank decisions have dominated the financial markets all week, as policy makers from Japan to the U.S. try to assess the impact of America’s new leadership on global growth. Investors are also looking for clues on economic strength amid a wave of corporate earnings. While signs point to increasing confidence that growth will accelerate, data have painted a murkier picture, highlighting the significance of Friday’s jobs report.
“People are waiting for evidence that cyclicals are actually delivering the earnings growth,” Stephen Macklow-Smith, head of European equity strategy at JPMorgan Asset Management in London, said in an interview with Bloomberg TV. “Profitability can recover from here so we’re trying to play through areas of the market with more exposure to economic growth. ”

Read our Markets Live blog here.

What’s coming up for the markets:

Economists expect a 180,000 increase in U.S. nonfarm payrolls for January when the Labor Department releases jobs data on Friday. With both hiring and unemployment likely to remain relatively stable, the focus on the jobs report will center on wage pressures.

Stocks

European stocks rose 0.6 percent as of 7:51 a.m. in New York, while futures on the S&P 500 added 0.2 percent.
Currencies

The Bloomberg Dollar Spot Index added 0.3 percent. The measure is down 2.5 percent so far in 2017.
The pound weakened 0.3 percent to $1.2493, while the euro slipped by 0.2 percent.
Russia’s ruble strengthened 0.2 percent after the central bank left its key rate unchanged and said the potential for a cut in the first half of the year has diminished.
Bonds

The yield on 10-year U.S. Treasuries was little changed at 2.48 percent.
The yield on German bonds due in a decade added one basis point to 0.43 percent, while similar-maturity debt yields of France, Spain and Italy rose at least three basis points.
Commodities

Oil headed for a third weekly gain as OPEC reached about 60 percent of its output-cut target and the U.S. was said to be planning new sanctions on Iran after a missile test. West Texas Intermediate crude advanced 0.3 percent to $53.71 a barrel.
Gold slipped 0.3 percent to $1,211.70 an ounce, poised for a weekly increase of 1.7 percent as political risk spurred demand for a haven.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE
Source