Markets rise ahead of US jobs report - business live

Discussion in 'Market News' started by Lily, Mar 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    All the day’s economic and financial news, including the latest American Non-Farm Payroll report, due at 1.30pm GMT

    9.24am GMT

    Back to economics...and Italy’s statistics office has confirmed that the Italian economy grew by a measly 0.1% in the last three months of 2015.

    9.17am GMT

    Newsflash: Social networking giant Facebook is shaking up its financial set-up, which may mean it pays rather more tax in the UK.

    Breaking: Facebook to pay millions of pounds more in UK tax after abandoning large parts of controversial Irish tax structure, BBC reveals

    On Monday, we will start notifying large UK customers that from the start of April, they will receive invoices from Facebook UK and not Facebook Ireland,

    What this means in practice is that UK sales made directly by our UK team will be booked in the UK, not Ireland. Facebook UK will then record the revenue from these sales.

    8.54am GMT

    Advertising giant WPP has flagged up the EU referendum as a clear risk to growth prospects this year.

    “The somewhat surprising result of the UK general lection (at least to the pollsters), with the Conservatives winning an overall majority, has resulted in an uncertainty-stimulating EU referendum, now pegged for 23 June.”

    Related: Sorrell warns ad industry against 'Don Draper-ish' optimism as EU vote looms

    8.43am GMT

    Mining shares are now at a four-month high, having rocketed by 25% this year:

    Miners on a tear to end the enters bull market, as do Brazilian stocks

    8.16am GMT

    European stock markets are rising at the start of trading, as investors get ready for his afternoon’s US jobs data.

    In London, the FTSE 100 has gained 35 points, or 0.6%, to 6166 - which is nearly its highest level this year.

    London’s FTSE-100 is making another pitch higher in early trade despite yesterday’s suggestions that the bulls may be running out of momentum.

    Gains are broad based with natural resources stocks once again finding themselves at the top of the board with continued gains for underlying metals prices still lending support here.

    8.03am GMT

    After a very ropy start to 2016, world stock markets are now at a two-month high

    That’s according to the MSCI World Market index, which tracks shares in 46 different countries.

    There is an air of fatigue from the bulls in a number of developed equity markets, but they continue to grind higher....

    But the market is in need of some injection of new news to provide an injection of inspiration and cause a new leg higher. It seems unlikely this inspiration comes from today’s US payrolls.

    7.51am GMT

    Stock markets across Asia have rallied today as investors express optimism ahead of this afternoon’s America’s employment report.

    Over in Tokyo, the Nikkei gained 0.3%. That pushed the Japanese index to a one-month high, up over 5% this week.

    Globally, markets are rolling back the extreme risk-off trading they did in January and February.

    “Part of the reason is that the Fed seems to be easing its insistence on raising rates.”

    #Japan's Nikkei ends up 0.3% at 17014.78, highest level since Feb4.

    Shanghai Comp ends up 0.5% as #China's brokerages ease margin financing requirements ahead of party congress.

    7.33am GMT

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, business and the eurozone.

    One more heave, chaps. After a heavy week for economic data, it’s the big one today - the US Non-Farm Payroll for February, which is due at 1.30pm GMT.

    Our European opening calls:$FTSE 6155 up 25
    $DAX 9790 up 38
    $CAC 4435 up 19$IBEX 8809 up 42$MIB 18442 up 94

    #LSE makes no comment in its results about speculation of a counter bid from ICE

    Continue reading...

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