Stock indices closed lower after the mixed U.S. job report. The U.S. economy added 214,000 jobs in October, missing expectations for a rise of 229,000 jobs, after a gain of 256,000 jobs in September. September's figure was revised up from a rise of 248,000 jobs.
The U.S. unemployment rate declined to 5.8% in October from 5.9% in September. That was the lowest level since July 2008.
Analysts had expected the unemployment rate to remain unchanged.
Germany's trade surplus climbed to €18.5 billion in September from €17.5 billion in August, exceeding expectations for a rise to €18.3 billion.
German adjusted industrial production rose 1.4% in September, missing expectations for a 2.1% gain, after a 3.1% drop in August. August's figure was revised up from a 4.0% fall.
France's trade deficit narrowed to €4.7 billion in September from €5.0 billion in August, beating expectations for an increase to a deficit of €5.2 billion. August's figure was revised up from a deficit of €5.8 billion
French industrial production was flat in September, beating expectations for a 0.1% decline, after a 0.2% fall in August.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,567.24 +16.09 +0.25%
DAX 9,291.83 -85.58 -0.91%
CAC 40 4,189.89 -37.79 -0.89%
U.S. stock futures fluctuated as data showed companies hired fewer workers than forecast in October while the jobless rate unexpectedly fell to a six-year low.
Global markets:
Nikkei 16,880.38 +87.90 +0.52%
Hang Seng 23,550.24 -99.07 -0.42%
Shanghai Composite 2,419.15 -6.72 -0.28%
FTSE 6,581.31 +30.16 +0.46%
CAC 4,206.16 -21.52 -0.51%
DAX 9,339.08 -38.33 -0.41%
Crude oil $78.42 (+0.63%)
Gold $1148.10 (+0.48%)
(company / ticker / price / change, % / volume)
McDonald's Corp | MCD | 94.70 | +0.04% | 2.9K |
Procter & Gamble Co | PG | 88.99 | +0.10% | 3.1K |
Travelers Companies Inc | TRV | 102.01 | +0.10% | 0.4K |
Verizon Communications Inc | VZ | 50.33 | +0.10% | 6.1K |
Wal-Mart Stores Inc | WMT | 77.90 | +0.12% | 0.4K |
Intel Corp | INTC | 33.87 | +0.15% | 4.5K |
AT&T Inc | T | 34.78 | +0.17% | 5.1K |
International Business Machines Co... | IBM | 161.75 | +0.18% | 6.1K |
Home Depot Inc | HD | 97.47 | +0.19% | 1.1K |
JPMorgan Chase and Co | JPM | 61.36 | +0.21% | 0.1K |
United Technologies Corp | UTX | 108.85 | +0.25% | 1.1K |
Goldman Sachs | GS | 191.56 | +0.29% | 0.1K |
Boeing Co | BA | 124.94 | +0.29% | 22.4K |
Exxon Mobil Corp | XOM | 95.85 | +0.29% | 1.7K |
Pfizer Inc | PFE | 30.13 | +0.30% | 0.1K |
Johnson & Johnson | JNJ | 109.35 | +0.31% | 2.2K |
Merck & Co Inc | MRK | 59.48 | +0.37% | 1.2K |
Microsoft Corp | MSFT | 48.88 | +0.37% | 7.7K |
Chevron Corp | CVX | 118.98 | +0.38% | 0.1K |
The Coca-Cola Co | KO | 42.46 | +0.40% | 11.1K |
Caterpillar Inc | CAT | 101.32 | +0.41% | 1.4K |
Cisco Systems Inc | CSCO | 25.46 | +0.79% | 15.1K |
American Express Co | AXP | 91.58 | 0.00% | 1.4K |
UnitedHealth Group Inc | UNH | 96.21 | 0.00% | 0.4K |
General Electric Co | GE | 26.30 | -0.23% | 10.4K |
Walt Disney Co | DIS | 89.77 | -2.42% | 102.9K |
European stock indices were mostly trading higher at the start helped by positive corporate earnings reports and awaiting U.S. Nonfarm Payrolls and Unemployment Rate being published 13:30 GMT. German exports (18.5 - forecast 18.3) and industrial production (-0.1% - prior -2.8%) were better in September after declining in August. Positive signs for Europe's largest economy to avoid falling into recession in the third quarter. UK's FTSE 100 index is up 0.52% trading at 6514.79 points, Germany's DAX 30 gained 0.16% currently trading at 9,392.71 points while France's CAC 40 lost -0.02% trading around its opening at 4,226.83 points.
The DOW Jones and S&P 500 continued to rise in yesterday's volatile trading session hitting new record closing highs. The DOW Jones was up +0.40% closing at 17,554.47 points, the S&P500 +0.38% closing at 2,031.21 as the ECB was showing its will to further help the weakening European economy. Telecommunications and utilities were the weakest sectors while industrial shares were the strongest sector.
Hong Kong's Hang Seng lost -0.42% closing at 23,550.24, China's Shanghai Composite lost -0.28% closing at 2,419.15 whereas Japan's Nikkei was up 0.52% and rose to 16,880.48 after yesterday's decline mainly caused by investors taking profits after recent gains after BoJ's stimulus.