Saturday, 7 May 2016

US stocks rise despite disappointing jobs report

Markets were mixed on Friday.

The S&P 500 rose 0.3 percent despite a US April employment report that showed a lower-than-expected increase of 160,000 jobs.

However, the STOXX Europe 600 fell 0.4 percent, the Nikkei 225 fell 0.3 percent and the Shanghai Composite plunged 2.8 percent.

US oil prices rose 0.8 percent while the yield on the US 10-year Treasury note rose to 1.779 percent from 1.756 percent on Thursday.

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