daytrade diaries... september 7, page-15

Good morning,

US Stocks jumped in light trading Friday after the government reported that the pace of job losses slowed in August to the lowest level in a year.

The Dow Jones industrial average gained 97 points on Friday to halve its loss for the week after the Labor Department said employers cut fewer workers last month.

LONDON - Europe's main stock markets closed higher in choppy trade on Friday, with investors tested by a mixed US employment report after encouraging words from the heads of the IMF and European Central Bank.

The gains were welcome after a four-day losing streak on concerns tentative signs of recovery could be snuffed out by rising unemployment.

In London, the FTSE 100 index of leading shares closed up 54.95 points, or 1.15 per cent, at 4,851.70 points.
FRANKFURT - The DAX added 83.01, or 1.57 per cent, to settle at 5384.43.

PARIS - The CAC 40 index rose 45.23 points, or 1.27 per cent, to close at 3598.76.

Oil prices were mixed Friday after the United States, the world's biggest energy consumer, reported its jobless rate jumped to 9.7 per cent but with a narrowing decline in payrolls in August.

New York's main contract, light sweet crude for October delivery, ended at $US68.02 a barrel, up six cents from Thursday's close.

The Australian share market is likely to open in positive territory on Monday after a gains on Wall Street and world markets on Friday.

At 0650 AEST on the Sydney Futures Exchange, the September share price index contract was 38 points higher at 4465.

In economic news on Monday, Housing Industry Association Performance of Construction Index (Australian PCI) and ANZ Job ads series for August will be released.

Gold down $1.00 to US$996.70 an ounce
Silver down .50c to US$16.285 an ounce
Copper up .015c at US$2.8665 a pound

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/

Did you know?

Visibility - Shares in large caps are widely held by the general public, large investors, pension funds, endowments, and mutual funds. They are usually covered by many analysts. Thus, these stocks are less risky and volatile than smaller cap stocks. The markets will usually uncover any problems with the business early, and warn investors ahead of time.