Europe Stocks Gain Before Payrolls; Dollar Rises

Stocks in Europe gained despite a decline in Asia as investors assessed the implications of ongoing trade talks between the U.S. and China. The dollar edged higher ahead of the monthly U.S. jobs report, which is expected to show a bounce-back in hiring following March’s weak numbers.

The Stoxx Europe 600 Index increased 0.3 percent as of 8:17 a.m. London time. The U.K.’s FTSE 100 Index advanced 0.4 percent, the largest gain in a week. Germany’s DAX Index jumped 0.4 percent.

The Bloomberg Dollar Spot Index increased 0.1 percent. The euro declined 0.2 percent to $ 1.1968. The British pound fell 0.1 percent to $ 1.3568, reaching the weakest in 16 weeks on its eighth consecutive decline. The Japanese yen increased 0.1 percent to 109.08 per dollar, the strongest in a week.

Source: Bloomberg

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Topix Index Falls as Yen Holds Strength Before Trump-Abe Meeting

Japan Topix index fell, halting a two-day gain, as the yen held its strength against the dollar before a highly anticipated meeting between Prime Minister Shinzo Abe and U.S. President Donald Trump.

Banks and electronics makers slumped after the yen rose 0.2 percent versus the greenback on Monday. Trump said on Twitter that China and Russia are playing what he called a A?a��A�currency devaluation game,A?a��A? which he called unacceptable. Trump will meet with Abe this week to discuss North Korea and a U.S. decision to levy tariffs on Japanese steel and aluminum exports.

The Nikkei 225 Stock Average was little changed after rising by 0.3 percent. Its volatility dropped for a seventh day, reaching its lowest since February.

Topix index -0.2% to 1,732.39 at the close of the morning session, after advancing 0.1% earlier. Nikkei 225 index little changed at 21,837.39.

Yen +0.1% at 107.05 per dollar.

Source : Bloomberg

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Sumber : bpfnews.com

Stocks Rise as Trade War Dies Down Before Earnings

U.S. stocks climbed with Asian equities as combatants took a break from battle posturing in the trade war and bulls looked to the start of first-quarter earnings season for reassurance. Treasuries fell with gold.

The S&P 500 was up 1.5 percent to 2,643.34 as of 12:03 p.m. in New York. The S&P 500 Index rose more than 1 percent after tumbling 1.4 last week, while strength in semiconductors, software and technology hardware pushed the Nasdaq 100 Index and Nasdaq Composite Index up more than 2 percent.

Source : Bloomberg

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Sumber : bpfnews.com

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