Stocks Creep Higher Ahead of U.S. Jobs Report
August 05 2016 - 04:20AM
Dow Jones News
Stocks edged higher while the dollar came under pressure Friday
as investors looked ahead to a key reading on the U.S. economy.
The July jobs report, due at 8:30 a.m. ET, is closely watched by
Federal Reserve officials as they contemplate the course for
interest rates. The report is forecast to show 179,000 jobs were
added in July, stabilizing between June's blockbuster figure and
May's paltry 11,000 jobs.
The Stoxx Europe 600 inched up 0.4% in early trade, led by
shares of mining companies.
Shares of Royal Bank of Scotland Group PLC fell 4.5% after the
U.K. lender posted a wider net loss in the first half of the
year.
Trading in Asia was mixed. Shares in Hong Kong advanced 1.3% as
U.K.-based financial firms rose in the aftermath of the Bank of
England's stimulus announcement on Thursday. Shares in Australia
added 0.4%, while the Shanghai Composite shed 0.2% and Japan's
Nikkei Stock Average was flat.
The dollar was down 0.1% against the yen, euro and pound.
Kenan Machado contributed to this article.
Write to Riva Gold at riva.gold@wsj.com
(END) Dow Jones Newswires
August 05, 2016 04:05 ET (08:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Feb 2024 to Mar 2024
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Mar 2023 to Mar 2024