U.S stocks rose, recovering from yesterday’s loss, as earnings from Caterpillar Inc. to 3M Co. exceeded analysts estimates and data signaled stronger growth in the European economy
The S&P 500 gained 1.2 percent in New York after earlier surging as much as 1.8 percent. The index recouped losses from yesterday, when it slid 0.7 percent. The DJIA gained 1.3 and the Nasdaq Composite Index advanced 1.5 percent
Manufacturing, Jobs
Economic data today suggested the euro-area economy may have moved one step away from another recession. A Purchasing Managers’ Index showed manufacturing in the region unexpectedly grew this month, while Spain’s economy showed signs of a further recovery, with third-quarter unemployment dropping to the lowest level since 2011. In Germany, factories rebounded from a slump in September.
Fewer Americans filed applications for unemployment benefits over the past month than at any time in 14 years as an improving economy prompted employers to hold on to staff. The four-week average of jobless claims, a less-volatile measure than the weekly figure, dropped to 281,000, the lowest since May 2000, from 284,000 the week before, a Labor Department report showed
VIX dropped 5.2 percent to 16.95
In Europe
Euro Stoxx 50 +1.2%
FTSE +0.3%
CAC +1.3%
DAX +1.2%
Commodities
Spot gold falls 0.8% to $US1231.12 an ounce
Brent oil jumps 2.5% to $US86.84 per barrel
Iron ore falls 1.9% to $US80.29 per metric tonne
AUD at 87.54 US cents
News Today
US leading index
New home sales
Have a good day guys, should be a nice end to the week
Endless I might not be around for the market open, so could you please launch the morning thread thanks
