News from the world’s financial markets by stock market expert Marcus Padley.
The US Federal Budget was significantly better than expected.
Low trading volumes in the US and Europe -- and the lack of any data -- means it as a quiet morning on the markets.
The market is up 30. The SFE Futures were up 21 this morning. Dow Jones up 51 — Dow was up 98 at best. Low volume again. Bonds fell for the third day as equities rose. Generally good US results — Chesapeake up 9.4% on results. Consumer credit numbers a bit below best expectations. Market lifted by […]
US jobs data saw non-farm payrolls up 163,000 versus expectations for a rise of 100,000.
The attention now moves to tonight's ECB and Bank of England meetings with the focus firmly on the ECB’s Mario Draghi to back up on his early unofficial statements about the ECB preserving the euro with official statements and actions.
European markets down -- FTSE down 1.02%, German DAX down 0.03%, France down 0.87%, Spain down 0.94%, Italy down 0.62% and Greece down 0.13%.
The S&P 500 had its first rise after four consecutive falls.
Dow Jones up 58 although the Nasdaq and the S&P 500 were down.
Europe the main issue still. The Spanish market falls 3.58% and the Italian market down 2.71%.
Dow Jones up 34 -- Dow was down 19 at worst and up 69 at best.
