By IFCMarkets
US stock indices closed higher on Friday as higher consumer sentiment and expanding manufacturing sector data outweighed mediocre August nonfarm payroll rise of 156 thousand. The dollar strengthened: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, inched up 0.3% to 92.809. S&P 500 ended 0.2% higher at 2476.55. The Dow Jones industrial average finished 0.2% higher at 21987.56. The Nasdaq composite index rose 0.1 % closing at 6435.33.
European stock indices advanced on Friday. The euro weakened against the dollar while the British Pound ended higher. The Stoxx Europe 600 index rose a third consecutive day closing up 0.6%. The DAX 30 rose 0.7% to 12142.64. France’s CAC 40 ended 0.7% higher and UK’s FTSE 100 added 0.1% to 7438.50. Indices opened 0.3% – 0.7% lower today.
Asian stock indices are mostly lower today. Nikkei closed 0.9% lower at 19508.25 today as yen advanced against the dollar as tensions rose on news North Korea is preparing for another missile launch. The Chinese stocks are mixed: the Shanghai Composite Indexis up 0. 3%, while Hong Kong’s Hang Seng Index is 0.7% lower. Australia’s All Ordinaries Index is down 0.4% supported by higher commodity stocks despite a weaker Australian dollar against the greenback.
Oil futures prices are lower today as US refineries shut down because of Hurricane Harvey which are gradually starting up again. About 5.5% of the US Gulf of Mexico’s oil production remained shut on Sunday, according to the US Bureau of Safety and Environmental Enforcement. October Brent ended little changed at $52.75 a barrel on Friday.
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