U.S. stocks, dollar
helped by solid payrolls
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[November 04, 2016]
By Patrick Graham
LONDON
(Reuters) - The dollar gained and U.S. stock markets were set to open
slightly higher on Friday, outperforming losses for counterparts in
Europe and Asia, after solid U.S. jobs data added to the case for a rise
in interest rates next month.
U.S. employers added 161,000 jobs last month and boosted wages for
workers, Labor Department non-farm payrolls data showed. Numbers for
August and September were also revised up to show 44,000 more jobs
created than previously reported.
U.S. stocks futures inched into positive territory after the numbers and
the dollar hit a session high of $1.1080 per euro.
That contrasted with a grim morning in Europe, where major stock indices
followed those in Asia lower, driven by a combination of company
earnings concerns and a tightening of the polls ahead of U.S. elections
next week.
MSCI's global share index slipped just under half a percent to hit
its lowest since July 11 and is down almost 5 percent over the past two
weeks.
Oil prices were flat after falling more than 1 percent on Thursday as
investors reacted to a record weekly surge in U.S. crude inventories and
remained skeptical that OPEC would actually implement its planned curbs
on output.
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![](../images/110416pics/busine47.jpg)
Traders work on the floor of the New York Stock Exchange (NYSE) in
New York City, U.S., November 3, 2016. REUTERS/Brendan McDermid
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U.S. crude and Brent crude fell around 1 percent to $44.32 and $45.79
per barrel respectively, while bond markets barely budged with 10-year
Treasuries at 1.7993 percent.
(Editing by Marc Jones)
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