FX & CFD trading involves significant risk
Major stock indexes in Wall Street rose on Friday, recovering all of its losses due Brexit after data showed the largest increase in the number of jobs in the US in eight months in June.
As it became known today, the number of jobs in the US rose in June, as employment in manufacturing has increased, giving more evidence that the economy will recover growth after a lull of the first quarter, but a slow wage growth is likely to force the Fed policy makers remain cautious in matters increases in interest rates. The number of people employed in non-agricultural sectors of the economy increased by 287,000 jobs last month, the biggest increase since October last year, reported the Ministry of Labour. The data for May were revised down to a mere 11 000 versus 38 000 previously reported. At the same time, the slow growth of wages has become a negative factor on a positive note the report. The average hourly wage increased by only two cents, or 0.1% in June. annualized growth in revenue increased to 2.6% after rising 2.5% in May.
Oil futures rose slightly. In focus were the statements of the International Monetary Fund. The IMF estimated that if OPEC has received only a small market share, the price of oil in 2020 could rise to $ 58-75 per barrel. "OPEC holds 42% of the market, compared to 35% if it is to adapt to new market realities. Lesser of two evils for OPEC in the future would be the desire to achieve market equilibrium ", - stated in the working documents of the Fund.
All components of the index DOW closed mostly (30 of 30). Most remaining shares rose Caterpillar Inc. (CAT, + 3,16%).
All Sector S & P Index showed an increase. The leader turned conglomerates sector (+ 2.4%).
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.