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European shares increases in early trading, led by the energy sector and attention on the US jobs data

Economies.com
2016-06-03 10:11 UTC

European stocks rose on Friday during morning dealings with the the recovery of the energy sector and the rise of shares of metals and commodity companies, and investors awaited later in the day for the monthly jobs data from the United States, in search of new signs concerning the timing of raising US interest rates.

 

 

The Dow Jones Stoxx Europe 600 index rose 0.3 percent by 9:38 am GMT, the index ended yesterday's session unchanged after the ECB kept monetary policy steady, and the index so farremains down by about 1 percent over the week trades on its way to record The first weekly loss in a month.

 

 

BP shares led energy recovery companies after the company agreed to pay $ 175 million to settle claims by investors in the United States after the company cheated the size of an oil leak in the Gulf of Mexico in 2010, and share of Tullow Oil B rose with higher Brent crude above $ 50 a barrel despite OPEC meeting that failed to sit new production policy.

 

 

And BHP Billiton and Glencore shares led the gains of metal and commodity companies, in light of the high industrial metals and commodity prices in global markets.

 

 

Futures for the S & P 500 settled within a limited range of trading without any significant change, after the index ended yesterday on Wall Street higher by 0.3 percent, recording its highest level since November 2015, after jobs data for the US private sector boosted confidence that the biggest economy in the world is strong enough to withstand the effects of higher interest rates.

 

 

and investors awaited later in the day non-farm sector jobs data from the United States during May in search of new signs concerning the timing of raising US interest rates.

 

 

As for the most important European markets indicators euros Stoke 50 index rose 0.3 percent, France's CAC 40 Index climbed 0.3 percent, and Germany's DAX index rose 0.4 percent, and in the London Financial Times Index 100 fell 0.9 percent.

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