Friday, August 7, 2015

U.S. dollar and Stocks fall flat before U.S. jobs data

Investors on Friday head for safety as the U.S. dollar and world stocks markets fall flat before U.S. jobs data. It is said that the Federal Reserve will use that data to raise interest rates for the first time in nearly a decade.

In Europe, Germany's export industrial output dropped in June that caused Europe stocks inched down by 0.5%. Top-rated German bond yields were flat at 0.72%

The prospect of higher U.S. rates has sucked funds out of emerging markets. A slump by Chinese stocks and a rout in commodities has also hurt investor demand.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4% and set for its third straight weekly loss. Japan's Nikkei stock index was up 0.3%. The MSCI world index.

In currencies, the dollar index was unchanged at 97.81. The euro was also flat $1.0927 EUR= early in Europe.

1 comment:

  1. Ahhhh...its bad to hear that U.S. dollar and Stocks fall flat. You never know what will happen at any time. Its just game.
    stock market basics