Asian Futures Rise With U.S. Stocks on Jobs

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Asian index futures climbed with U.S. stocks after a private report signaled American companies added more workers last month ahead of government payrolls data. The yen held nears its highest level in more than two months as copper futures retreated and oil extended its decline.

Futures on Japan™s Nikkei 225 Stock Average closed above 15,000 for the first time since mid-March in Osaka and Chicago, as contracts on Australia™s S&P/ASX 200 Index gained 0.3 percent. Standard & Poor™s 500 Index futures were little changed after the gauge climbed a fourth day, extending its record high. The yen was steady at 103.85 per dollar after five days of weakness, while Korean won forwards declined. Copper futures fell 0.3 percent as oil in New York fell a fourth day.

The European Central Bank reviews monetary policy today and service industries are in focus, with March data from China to Japan and the U.S. scheduled. The weekly report on U.S. jobless claims is due, after ADP Research Institute said employment rose by 191,000 last month, following a 178,000 gain in February that was stronger than estimated. The payrolls report is due tomorrow. China announced measures to support growth yesterday, including increased railway spending and tax relief.

Source : Bloomberg

U.S. Stocks Gain as S&P 500 Extends Record Amid Payrolls Report

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U.S. stocks rose a fourth day, with the Standard & Poor™s 500 Index extending a record, as data showing companies added to payrolls last month fueled optimism on growth in the economy.

The S&P 500 rose 0.3 percent to a record 1,890.90 at 4 p.m. in New York. The Dow Jones Industrial Average rose 40.33 points, or 0.2 percent, to 16,572.94. The gauge briefly erased its loss for the year.

The S&P 500 rose 0.7 percent yesterday to cap a third day of gains, the longest streak since February, as consumer and technology stocks pushed the gauge to a record and an index of manufacturing boosted optimism the economy withstood severe winter weather.

The equities benchmark trades at 17.5 times reported earnings, the highest level since 2010 and 11 percent above its five-year average, according to data compiled by Bloomberg.

Source : Bloomberg

U.S. Stocks Rise as S&P 500 Extends Record Amid Payrolls Report

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U.S. stocks rose a fourth day, with the Standard & Poor™s 500 Index extending an all-time high, as data showing companies added to payrolls last month boosted confidence in the world™s largest economy.

Intuitive Surgical Inc. rose 4 percent after JMP Securities LLC upgraded the stock™s rating. MannKind Corp. jumped 74 percent after its inhaled treatment for diabetes won the recommendation of a U.S. advisory panel. Apollo Education Group Inc. slipped 7.9 percent after it received a subpoena from the Education Department for marketing and recruitment records.

The S&P 500 rose 0.2 percent to 1,888.97 at 12:04 p.m. in New York. The Dow Jones Industrial Average added 17.18 points, or 0.1 percent, to 16,549.79. The gauge ended yesterday 44 points below its record closing level set Dec. 31. Trading in S&P 500 stocks was 8.5 percent below the 30-day average at this time of day.

The S&P 500 rose 0.7 percent yesterday to cap a third day of gains, the longest streak since February, as consumer and technology stocks pushed the gauge to a record and an index of manufacturing boosted optimism the economy withstood severe winter weather.

Copy Source : Bloomberg

European Stocks Advance for Seventh Day After U.S. Payrolls Data

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European stocks climbed for a seventh day after a U.S. private-payrolls report showed companies in the world™s largest economy added more workers last month and factory orders increased in February.

Deutsche Post AG gained 4.6 percent after Europe™s largest mail service predicted operating profit will rise through 2020. Neste Oil Oyj rallied 5.6 percent after a U.S. Senate committee proposed extending a tax credit for biodiesel. Deutsche Boerse AG dropped 2.2 percent after confirming that one of its businesses has become the subject of a criminal investigation.

The Stoxx Europe 600 Index advanced 0.2 percent to 336.93 at the close of trading. The equity benchmark has climbed 3.9 percent since March 24 as better-than-forecast U.S. consumer-confidence data signaled the world™s largest economy is recovering from weakness due to the bad winter.

A report from ADP Research Institute showed that U.S. companies hired a net 191,000 workers last month, up from a revised 178,000 in February. That narrowly missed the median estimate for March of 195,000 in a Bloomberg survey of economists. A separate release from the Commerce Department showed factory orders climbed 1.6 percent in February. They dropped in January. Both reports had shown weakness at the beginning of the year as unusually harsh winter temperatures suppressed economic activity.

Source : Bloomberg

U.S. Stocks Little Changed Near All-Time High After Payroll Data

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U.S. stocks were little changed, after the Standard & Poor™s 500 Index reached an all-time high, as data showed companies added to payrolls last month.

The S&P 500 added 0.1 percent to 1,886.76 at 9:30 a.m. in New York. The Dow Jones Industrial Average slid 5.85 points, or less than 0.1 percent, to 16,526.76. The gauge ended yesterday 44 points below its record closing level set Dec. 31.

The S&P 500 rose 0.7 percent yesterday to cap a third day of gains, the longest streak since February, as consumer and technology stocks pushed the gauge to a record and an index of manufacturing boosted optimism the economy withstood severe winter weather.

Data today showed companies in the U.S. boosted payrolls by 191,000 in March, according to figures from the ADP Research Institute in Roseland, New Jersey. The median forecast of 38 economists surveyed by Bloomberg called for a 195,000 advance.

The government™s monthly jobs report for March is due April 4.

Federal Reserve Chair Janet Yellen said last week that œconsiderable slack in the labor market is evidence that the central bank™s unprecedented accommodation will be needed for œsome time to put Americans back to work.

Copy Source : Bloomberg