The trading on the European stock exchanges opened with price hikes as investors’ eyes are on the US, where the employment report will be released today.
Most forecasts suggest that the US economy added 180,000 jobs in May, but after yesterday’s ADP private sector employment report surprised, some economists expect a positive surprise today.
The ADP Private Sector Employment Report indicated an addition of 253,000 jobs to the private sector, a figure significantly higher than analysts’ forecasts of only 185,000 jobs.
The Euro strengthened against the US dollar by 0.1% and traded around $ 1.1222. The British pound is down 0.1% against the dollar and is trading around $ 1.2866.
The trading in Asian stock exchanges was conducted with price hikes, and Tokyo crossed the 20,000 mark
Tokyo rose by 1.8%, Hong Kong adds 0.3% to its value, Shanghai was up by 0.1%, Sydney rose by 0.9% and Seoul gained 1.2%.