Dollar higher, stocks mixed before US jobs

Hong Kong's main stocks index hit a 10-year high after another record overnight close on Wall Street following more buoyant US data and hopes for tax reform, which has also boosted the dollar.

Dollar higher, stocks mixed before US jobs

World Bulletin / News Desk

The dollar climbed and Asian stocks hit heights Friday, but Europe was largely downbeat on Spanish political unease as investors awaited key US jobs data. 

The euro was dented partly by Spain's ongoing crisis with Catalonia threatening to break away, which has seen the single currency sink to around $1.17 -- having topped $1.20 two weeks ago.

Madrid stocks were down 1.0 percent heading into the afternoon, while Frankfurt managed a slight gain following data showing industrial orders in Germany jumped in August.

London's FTSE 100 rose slightly, as a weaker pound lifted share prices of multinationals. On the downside, EasyJet lost 2.65 percent to 1,250 pence as a trading update failed to impress investors.

The pound faced renewed pressure as the future of British Prime Minister Theresa May, whose much-anticipated Conservative Party conference speech this week ended in disaster, is called into question.

There are worries that her removal could spark fresh uncertainty in Britain as it negotiates with the European Union over leaving the bloc.

"Stocks in Europe (mostly) slipped... with traders sitting on their hands ahead of the release of key US employment stats," said Jasper Lawler, head of research at London Capital Group.

"Cracks are appearing in Catalonia's move to independence, but until the notion of independence is dispelled, contagion risk remains. The DAX index bucked the trend with small gains after German factory orders saw the biggest monthly jump this year."

Last Mod: 06 Ekim 2017, 15:05
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