Overnight: US stocks gained, further propelling S&P 500's record rise, as September nonfarm-payrolls report supported the notion that Federal Reserve's...
Overnight: US stocks gained, further propelling S&P 500's record rise, as September nonfarm-payrolls report supported the notion that Federal Reserve's monthly bond purchases would continue into next year. Treasury prices rallied, putting benchmark yields on track to close at their lowest in 3 months, after September's nonfarm payrolls report missed consensus estimates. US economy added 148,000 jobs, below expectations of 185,000. Unemployment rate dropped to 7.2% from 7.3%. Euro jumped against USD, on track for a 2013 high. Gold futures rose 2%. Oil futures traded mostly below $100 a barrel. Shares of consumer-goods firm Reckitt Benckiser and heavyweight miner BHP Billiton led gainers in London after they gave well-received updates about expected performance in the full financial year. European stock markets rose for a ninth straight day. London BHP up 4.11%. Rio up 0.60%. New York BHP up 2.87%. Rio up 1.27% LME Base metals traded higher across the complex.