Reuters – U.S. stock index futures advanced on Friday after four consecutive days of losses as investors awaited Friday’s key U.S. payroll report.
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Reuters – U.S. stocks rose on Friday after employment notched a second straight month of solid gains while the jobless rate fell to a two-year low.
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Read More »The dollar advanced against the currencies of six major U.S. trading partners as a government report showed employers eliminated fewer jobs in July than economists forecast.
The yen dropped against all of its major counterparts as the payroll report indicated a recovery in the world’s largest economy, encouraging Japanese investors to buy higher-yielding assets overseas.
The dollar climbed 0.4 percent to $1.4283 per euro at 9:45 a.m. in New York, from $1.4345 yesterday. The U.S. currency gained 1.4 percent to 96.78 yen from 95.46. The euro advanced 1.3 percent to 138.25 yen from 136.94.
Futures on the Chicago Board of Trade indicated a 74 percent chance that the Fed will increase the target lending rate from its range of zero to 0.25 percent by its January meeting, compared with 66 percent odds a month ago.
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