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US stocks rise after non-farm payroll data

2019-04-05 01:23 pm | Resource: News | No Views : 211

 US stocks rise after non-farm payroll data

US markets posted slight gains during the pre-market trade on Friday after Chinese leaders Xi Jinping expressed their hope of concluding the Washington-Beijing negotiations on trade "as soon as possible."

US President Donald Trump also praised developments in the talks, although he said the trade agreement with Beijing was not yet ready.

  Official of the United States Economic Cooperation Organization to put pressure on the EU after the China agreement

The United States will escalate trade tensions with European countries after reaching a trade deal with China, said Lawrence Bonn, chief economist at the Organization for Economic Cooperation and Development (OECD).

According to her, it will be difficult to start trade negotiations between the EU and the United States in an amicable manner, as the two parties differ fundamentally on agricultural barriers. "Europe is fully convinced that [the negotiations] exclude agricultural products, and the United States is fully convinced that the initial agreement ... includes agricultural products," Bonn noted.

Non-farm payrolls rose by 196,000 in March

Non-farm employment in the United States rose by 196,000 in March, exceeding the expected 175,000, according to the Bureau of Labor Statistics on Friday. The unemployment rate in the US remained unchanged at 3.8%. The report said most of the new jobs were recorded in health care and professional and technical services. The number of unemployed remained at 6.2 million in the third month of 2019.

For major labor groups, not all figures have changed. The number of people in the long term remained at 1.3 million and accounted for 21.1% of the unemployed. The labor force participation rate was unchanged at 63.0%. The number of part-time workers for economic reasons was 4.5 million in March.

Average hourly income for all employees increased by 4 cents to $ 27.70. On an annualized basis, average hourly income increased by 3.2%.

Shares of US technology company Snape jumped. Before the official start of the trading session, after the company announced the integration of third-party applications.
  • The Dow Jones Industrial Average was up 0.05% ahead of the opening bell.
  • The Nasdaq 100 rose 0.06%.
  • While the S & P 500 gained 0.08% during pre-market trading.

The euro was 0.04% higher in the dollar compared to the dollar, trading at 1.1226 at 14:57 CET.

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