7,523 violators of residency, labor, and border security laws deported in a week    Video contradicts Israeli army account of deadly March 23 strike on Gaza paramedics    Saudi Arabia spends over $241 million to implement de-mining projects in 3 countries    Italy's Meloni government approves controversial security decree expanding police protections and penalties    Egypt submits new Gaza ceasefire and prisoner exchange proposal: Report    'Everything is possible' — Ronaldo focused on titles, not 1,000-goal milestone after Riyadh Derby win    Saudi, US military leaders discuss enhanced defense cooperation in Riyadh    King Salman Global Academy for Arabic Language launches program with Indiana University    Ronaldo brace powers Al Nassr past Al Hilal in Riyadh derby thriller    Ed Sheeran weaves Persian music into new song, Azizam    Al-Jadaan: Crown Prince's directives confirm government's ability to bring back balance to real estate market    Saudi Crown Prince, Iranian president discuss regional developments in Eid phone call    Veteran Bollywood actor Manoj Kumar dies at 87    Foreign investors are allowed to engage in real estate business outside Makkah and Madinah Commercial speculation should not be the purpose of real estate transaction    Aubameyang fires Al Qadsiah into King's Cup final with stoppage-time winner over Al Raed    Musk's X is suing India, as Tesla and Starlink plan entry    Tesla sales plunge after backlash against Elon Musk    Danilo Pereira fires Al Ittihad into King's Cup final with dramatic stoppage-time double    Screen time in bed linked to insomnia, study finds    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



World stocks rise on strong US jobs report
Published in Saudi Press Agency on 03 - 07 - 2014

World stock markets rallied on Thursday after the official U.S. jobs report showed a strong increase in hiring in the world's largest economy, AP reported.
Employers added 288,000 jobs in June, much more than the 215,000 analysts were expecting, and previous months' figures were revised up. The unemployment rate fell to 6.1 percent, a near six-year low.
The data shows that after a poor start to the year, the U.S. economy is picking up steam. That could persuade the Federal Reserve to tighten its monetary policy sooner, but traders didn't seem concerned by the prospect.
In Europe, Germany's DAX was up 1 percent to 10,009.96 while France's CAC-40 rose 0.9 percent to 4,484.84. Britain's FTSE 100 gained 0.6 percent to 6,855.92.
On Wall Street, the Dow traded above 17,000 for the first time, gaining 0.4 percent to 17,043.6. The S&P 500 also hit a record, rising 0.3 percent to 1,981.30.
Earlier, in Asia, the Nikkei 225 index in Tokyo closed 0.1 percent lower at 15,348.29 and Hong Kong's Hang Seng inched down 0.1 percent to 25,531.44. South Korea's Kospi shed 0.2 percent to 2,010.97.
The Taiex in Taiwan gained 0.4 percent and China's Shanghai Composite edged up 0.2 percent.
In India, the Bombay Stock Exchange halted all trading early Thursday due to a network outage. It resumed trading three hours after the glitch was fixed and by mid-afternoon was up by 0.1 percent to 25,860.99.
In energy markets, the price of crude oil dropped 58 cents to $103.90 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 86 cents to $104.48 on Wednesday.
The euro dropped to $1.3611 from $1.3657 late Wednesday. The dollar rose to 102.19 yen from 101.79 yen on expectations the Fed might tighten policy sooner than expected.
-- SPA
18:09 LOCAL TIME 15:09 GMT
تغريد


Clic here to read the story from its source.