Skip to main content
Advertising

Originally published September 4, 2014 at 6:43 AM | Page modified September 5, 2014 at 6:09 AM

  • Share:
             
  • Comments
  • Print

World stocks fluctuate ahead of US jobs report

Global stock markets fluctuated as investors waited for a key U.S. jobs report later Friday and currencies struggled against the dollar's strength, which sent the Japanese yen to a six-year low.


AP Business Writer

Stock lookup


advertising

HONG KONG —

Global stock markets fluctuated as investors waited for a key U.S. jobs report later Friday and currencies struggled against the dollar's strength, which sent the Japanese yen to a six-year low.

KEEPING SCORE: France's CAC 40 edged 0.1 percent higher to 4,489.55 while Britain's FTSE 100 retreated 0.1 percent to 6,867.73. Germany's DAX gained 0.2 percent to 9,741.57. U.S. stocks were poised to open lower, with Dow futures down 0.1 percent to 17,055. Broader S&P 500 futures lost 0.2 percent to 1,994.20.

CURRENCIES: The dollar is gaining strength after the ECB's rate cut and the Bank of Japan's decision Thursday to hold steady on stimulus even after a GDP contraction in the second quarter. The dollar was at 105.25 yen after rising as high as 105.71 yen, the highest level since October 2008, from 105.38 in late trading Thursday. The euro was near a 14-month low of $1.2946 from $1.2937.

US JOBS: Investors are standing pat ahead of a U.S. jobs report later Friday. Economists expect it will show that the world's biggest economy added 220,000 jobs in August, which would be the seventh month in a row of gains exceeding 200,000. The report is likely to influence market expectations of when the Federal Reserve will raise interest rates.

THE QUOTE: "Institutional investors remain sidelined ahead of tonight's non-farm payrolls read," said CMC Markets Chief Strategist Michael McCarthy. "Broadly expected to confirm the U.S. economic recovery, the market reaction is harder to predict."

ASIA'S DAY: Regional benchmarks were mixed, with Japan's Nikkei 225 index ending less than 0.1 percent lower at 15,668.68. South Korea's Kospi dipped 0.3 percent to 2,049.41 and Hong Kong's Hang Seng shed 0.2 percent to 25,240.15. In mainland China, the Shanghai Composite Index rose 0.9 percent to 2,326.43. Australia's S&P/ASX 200 lost 0.6 percent to 5,598.70. Benchmarks in Taiwan and Singapore fell while those in Thailand, Philippines, Indonesia and New Zealand gained.

ENERGY: The price of oil rebounded after slumping on a report that U.S. supplies fell less than expected last week. Benchmark crude oil added 22 cents to $94.67 a barrel in electronic trading on the New York Stock Exchange after falling 1.1 percent, or $1.09, to settle at $94.45 on Thursday.



Free 4-week trial, then $99 a year for unlimited seattletimes.com access. Try it now!

Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►