7th Nov 2014 US Close: US markets higher ahead of US Non-farm Payrolls •US shares rose in a volatile trading session on Thursday. •Investors were buoyed by the ongoing stimulus commentary from the ECB although the weakness in the oil price hurt energy stocks. •Australian market down by 11pts by the end of trade yesterday •October jobs data better than expected 24,100 jobs added and jobless rate steady at 6.2% •ECB keeps cash rate on hold says willing to help the European economy if needed •Euro stoxx up by 10pts •US jobless claims at 14 year low fell by 10,000 to 278,000 last week •Gold Price down by US$3/ounce to US$1,143/ounce •Oil price US$77.65/barrel •Australian market set for a 26 points at the start of trade •RBA statement on monetary policy released today •Australian $ at 0.8563 USC Source: https://youtube/watch?v=VV-nbYsBe00&list=PL468C060A35A7B82B Disclaimer: *Justin McMillan is an Authorized Representative of RI Advice Group Pty Limited (ABN 23 001 774 125), Australian Financial Services License 238429. This editorial does not consider your personal circumstances and is general advice only. You should not act on the information provided without first obtaining professional financial advice specific to your circumstances. The taxation information contained in this editorial is provided as a guide only and should not be relied upon. You should seek independent tax advice from a qualified tax adviser.
Posted on: Fri, 07 Nov 2014 00:30:33 +0000
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