Major stock indexes in Wall Street rose on Friday. Employment growth in the US in August, has been slower than expected, which could eliminate the increase in interest rates by the Fed this month.

As it became known, employment growth in the US slowed more than expected in August after two consecutive months of steady gains and moderate wage growth. The number of people employed in the non-agricultural sector of the US economy grew by 151,000 jobs last month after a revised upward growth to 275,000 in July. The unemployment rate remained unchanged at 4.9% as more people entered the labor market. Economists had forecast a rise in the number of employees by 180 000 last month, and a decrease in the unemployment rate by one tenth of a percentage point to 4.8%.

In addition, new orders for manufactured goods in the United States recorded their biggest increase in nine months in July as the overall demand has increased, it is a sign of hope for the embattled manufacturing sector. The Commerce Department reported Friday that new orders for manufactured goods jumped 1.9% after a downwardly revised decline of 1.8% in June. It was the biggest increase since October 2015, and after two months of decline in a row. Economists had forecast an increase of industrial orders by 2.0% in July after a previously reported decline of 1.5% in June.

However, data released by the Institute for Supply Management (ISM) in New York, showed that business activity in New York deteriorated sharply at the end of August, almost completely offsetting the increase in the previous month. As it became known, the business activity index fell to 47.5 points from 60.7 points in July (7-month high). Recall that in June figure was at 45.4.

Most of the DOW index components increased (28 of 30). More rest rose stocks Apple Inc. (AAPL, + 0.92%). Outsider were shares of NIKE, Inc. (NKE, -0.91%).

All business sectors S & P index recorded an increase. The leader turned out to be the basic materials sector (+ 1.5%).

Major U.S. stock-indexes higher on Friday after data showed U.S. employment growth in August was slower than expected, which could rule out an interest rate increase this month. The Labor Department's monthly jobs report showed nonfarm payrolls rose by 151,000 last month, while the unemployment rate remained unchanged at 4.9%. Economists polled by Reuters had forecast addition of 180,000 jobs last month.

Most of all Dow stocks in positive area (28 of 30). Top gainer - Chevron Corporation (CVX, +1.19%). Top loser - Wal-Mart Stores Inc. (WMT, -0.47%).

All S&P sectors also in positive area. Top gainer - Basic Materials (+1.5%).

At the moment:

Dow 18493.00 +98.00 +0.53%

S&P 500 2178.25 +11.00 +0.51%

Nasdaq 100 4802.50 +25.00 +0.52%

Oil 44.47 +1.31 +3.04%

Gold 1323.10 +6.00 +0.46%

U.S. 10yr 1.61 +0.04

Polish equity market closed higher on Friday. The broad market measure, the WIG Index, rose by 0.39%. Except for banking sector (-0.12%) and oil and gas (-0.55%), every sector in the WIG Index gained, with materials (+2.56%) outperforming.

The large-cap stocks' measure, the WIG30 Index added 0.46%. A majority of the index components recorded advances. In the index basket, coking coal miner JSW (WSE: JSW) was the strongest name, climbing by 6.82%. It was followed by videogame developer CD PROJEKT (WSE: CDR), FMCG-wholesaler EUROCASH (WSE: EUR), telecommunication services provider ORANGE POLSKA (WSE: OPL) and chemical producer SYNTHOS (WSE: SNS), which added between 2.34% and 3.61%. On the other side of the ledger, banking sector names MILLENNIUM (WSE: MIL) and MBANK (WSE: MBK) led a handful of losers, dropping by 2.44% and 1.29% respectively.

Data from the US labor market were clearly weaker than expected and the increase in the number of jobs was less than forecast. The increase in wages also fell out pale. The data seem to prejudge the lack of interest rate hikes at the September FOMC meeting. Yields on US debt and the dollar signaled such a scenario. The first reaction to weaker data was not, however, continued. Pronunciation of data eased slightly upward adjustment of the data from the previous month, which also caused a reduction in response to the current data. After taming of investors with the data, on the equity markets we are dealing with light increases.

As one would expect Americans began Friday's trading with a clear growth, which is a consequence of weaker data from the labor market. The S&P500 after a few minutes of the session rising more than 0.4 percent

U.S. stock-index futures advanced as August payroll data signaled steady labor-market growth, though not enough to force the Federal Reserve to raise interest rates.

Global Stocks:

Nikkei 16,925.68 -1.16 -0.01%

Hang Seng 23,266.70 +104.36 +0.45%

Shanghai 3,067.50 +4.19 +0.14%

FTSE 6,801.87 +55.90 +0.83%

CAC 4,490.71 +51.04 +1.15%

DAX 10,579.79 +45.48 +0.43%

Crude $43.90 (+1.71%)

Gold $1329.80 (+0.96%)

The WIG20 trouble with access to the pros in the initial phase of the trading were not accidental. Descent below the minimum from the opening of the session despite that in the environment nothing alarming is happening, confirms that we are relatively weak market. This weakness is a result of, among others, return declines in major energy companies, which in the initial phase of the session bouncing up after yesterday's strong decline. However, the withdrawal can be seen also in the second and third line, so it does not look good. In addition, there were declines in our national currency, which, moreover, is weakening steadily for three weeks. Yesterday the hope of stopping this process gave a better-than-expected reading of the PMI for the industry. These data, however, helped little yesterday and EURPLN pair only not increased. Today sale of the zloty continues and it seems that PLN may remain under pressure even up for a week, means a decision by Moody's about rating for Poland, scheduled for 9 September.

At the halfway point of the session the WIG20 index was at the level of 1,755 pts. (-0.34%) and had a modest trading volume about PLN 170 mln.

Stock indices in Western Europe show a bullish mood. Investors are waiting for new data on the US labor market and try to assess the possible impact on the course of monetary policy by the Federal Reserve System, including the timing of the next increase in interest rates.

The official data of Ministry of Labor of unemployment in the US will be released today at 12:30 GMT. According to the average forecast of analysts, the number of jobs in the US increased by 18 th in August after increasing by 255 thousand. In July and the unemployment rate fell to 4.8% from 4.9% a month earlier.

The head of investment firm FXPrimus Marshall Gittler Department: "If the Fed is going to raise rates, it will happen in September or December, and if they hope to raise rates twice this year early good labor market conditions are extremely important".

The composite index of the largest companies in the region Stoxx Europe 600 rose 0.6% to 345.56 points.

Shares of the French hotel chain Accor SA increased by 2.5% after analysts at Barclays raised their rating to "overweight".

McCarthy & Stone Plc shares fell by 12%, as the company expects the UK decision to withdraw from the EU and changes in the monetary policy of the Bank of England will be deprived of its ability to achieve its objectives for this year.

SBM Offshore's shares fell 13.5% after Brazilian prosecutors have refused to deal with the Dutch owner of the fleet production vessels, which would allow the company to avoid prosecution in connection with allegations of corruption because of contracts with oil company Petrobras.

At the moment:

FTSE 6803.47 57.50 0.85%

DAX 10558.23 23.92 0.23%

CAC 4480.61 40.94 0.92%

WIG20 index opened at 1760.27 points (-0.08%)*

WIG 47187.63 -0.07%

WIG30 2018.00 -0.08%

mWIG40 3897.95 0.01%

*/ - change to previous close

The WIG20 futures started the day six points above yesterday's close. After a very weak yesterday's session improvement in sentiment has come from external environment after the Americans once again defended themselves against drops and technical sell signal.

The WIG20 index started the session from a decline and after some transactions were placed in the region of Thursday's minimum. Surroundings doing a bit better. The CAC, DAX and FTSE gaining in value, and the pan-European STOXX 600 rising by 0.2 percent. The pressure from the environment should help stabilize the WIG20, and the proximity of support around 1,750 points encourage technicians to try to play the rebound. Everything, of course, will only be a prelude before the data from the US. Traditionally, therefore, waiting for the publication of data may be accompanied by low trading activity and volatility of indices.

Thursday's trading on Wall Street ended much better than could have been expected after the beginning of the American session.

From the point of view of European markets, it is important that during the closing of session in Europe, the S&P500 was recorded on session minima and ended the session several points higher.

The reasons for this initial sell-off was a decline in oil prices, recession reading of ISM index for the industry and the weakness of the banking sector. Each of these elements may be of importance in the month just begun.

Today's trading on the market will certainly be subordinated to the US Department of Labor data (14:30 Warsaw time), which have shown an increase in the number of posts about 180k to 200k and everything below these figures will be regarded as confirmation of the lack of an increase at the September FOMC meeting.

We expect, therefore, that the Warsaw market will copy behavior of other exchanges. However, it is worth paying attention to good posture of emerging markets and the strengthening of the zloty.

Today in the morning the Polish zloty is valued by the market as follows: PLN 4.3595 per euro, PLN 3.8948 against the US dollar. Yields of national debt amounts 2,803% in the case of 10-year bonds.

U.K. stocks turned lower Thursday, with many shares falling victim to a surge in the pound after U.K. manufacturing data surprised investors with an unexpectedly strong reading. "An early attempt at a rally in U.K. stocks wilted in afternoon trading as a rally in the pound devalued the foreign earnings of multinational firms," said Jasper Lawler, market analyst at CMC Markets, in a note.

U.S. stocks finished mostly higher on Thursday, recovering from earlier losses, as investors braced for the much-anticipated August jobs report on Friday, which could set the stage for a near-term interest-rate increase by the Federal Reserve. Earlier, stocks took a sharp step lower after a key data point: The Institute for Supply Management manufacturing index in August fell to 49.4% from 52.6% last month. A reading below 50% signals contraction.

Asian shares were down early Friday, as traders await results of the latest U.S. jobs report, the strength of which could help determine the timing of the next interest rate hike. Early in Friday's session, the Japanese yen rose against the U.S. dollar, weighing on export stocks, though the currency later pared some of the gains.

(index / closing price / change items /% change)

Nikkei 225 16,926.84 +39.44 +0.23%

Shanghai Composite 3,062.97 -22.52 -0.73%

S&P/ASX 200 5,415.56 -17.47 -0.32%

FTSE 100 6,745.97 -35.54 -0.52%

CAC 40 4,439.67 +1.45 +0.03%

Xetra DAX 10,534.31 -58.38 -0.55%

S&P 500 2,170.86 -0.09 0.00%

Dow Jones Industrial Average 18,419.30 +18.42 +0.10%

S&P/TSX Composite 14,683.91 +85.96 +0.59%