The European stocks and the futures of US stocks rose on Thursday after turbulent sessions in Asiaas investors struggled to find their footing in a hectic week for markets.
The NYSE closed higher after the publication of better employment indicators in USAextending a period of volatility and significantly trimming the week’s losses.
The index Dow Jones gained 1.8% to 39,446.49, while S&P 500 rose 2.3% to 5,319.31 and the Nasdaq Technology climbed 2.9% to 16,660.02. All 11 S&P 500 sectors advanced, while the Nasdaq was overwhelmingly positive.
Markets have been nervous about the US economy since last Friday following dismal employment reports last month: stocks fell on Monday, shares rose on Tuesday, fell again on Wednesday and recovered on Thursday.
But jobless claims fell from last week, according to reports on Thursday, allaying fears of a U.S. recession after monthly employment data last week caused concern.
“We’re seeing value investors buying the dip, the question is whether they’ll continue to do so,” said analyst Adam Sarhan of 50 Park Investments.
He Stoxx 600 The European index climbed 0.08% after rising 1.5% on Wednesday. The German index DAX fell 0.6% and Britain’s FTSE 100 fell 1%.
“When a shock occurs, volatility “If you have a situation like this and you get some unravelling in certain positions, you’re very prone to sudden reversals and also some degree of unrest as the tightening continues,” said Erik Nelson, macro strategist at Wells Fargo“I’d be surprised if we ever got everything right again,” he said.
Japan’s Nikkei 225 continues to recover
The index Nikkei 225 of Japan It went from initial losses of up to 2.5% to gains of 0.8% before ending with a drop of 0.7%.
Last week’s weak US jobs data was combined with a dramatic rebound in the yen Japanese and concerns about a artificial intelligence bubble to bring down the stocks.
Source: Ambito
