US inventories rise after jobs data, with Powell Next: markets close

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US stocks rose, while Treasury securities rose slightly after the release of a mixed employment report, the US Federal Reserve will drop rates in two weeks. The dollar has fallen.

The S & P 500 made its second weekly gain as investors focused on the underlying strength of the report, which signaled a strong labor market that was not too strong to prevent further easing by the bank. Central. Megacap technology stocks weighed on benchmarks after New York opened an antitrust investigation on Facebook Inc.

The 10-year Treasury yield erased most of its previous gains, while the dollar was headed for its fourth consecutive decline after payroll figures. Fed President Jerome Powell is due to make a public statement on Friday. Crude oil dropped to about $ 55 a barrel in New York.

"Jobs have been like roller coasters in recent months. Today's absence and downward revisions over the past two months show that job gains are moderating, "said Mike Loewengart, vice president of investment strategy for E * TRADE Financial. "And it is below expectations and sufficiently depressed to fuel the Fed's willingness to cut rates this month, so in some ways there is something for everyone."

Elsewhere, China has reduced the amount of liquidity that banks must keep as reserves, injecting liquidity into an economy facing growth barriers. The MSCI Asia Pacific index has headed for its biggest weekly advance since June. The pound has reduced some of its recent gains as political turmoil in Britain continued.

The Bloomberg Softs Spot subindex followed by coffee, sugar and cotton is headed for the tenth consecutive week of decline, the longest stretch since 1991, the year the index began.

These are the main movements on the markets:

stocks

• The S & P 500 index rose 0.2% at 11:28 am New York time.
• The Stoxx Europe 600 index climbed 0.1%.
• The UK FTSE 100 Index lost 0.1%.
• The MSCI Asia Pacific index gained 0.6%.

Coins

• The Bloomberg Dollar Spot Index fell 0.3%.
• The euro rose 0.1% to 1.1049 dollar.
• The pound plunged 0.2% to $ 1.2315.
• The Japanese yen rose 0.1% to 106.80 to the dollar.

Obligations

• The 10-year Treasury yield dropped by less than one basis point to 1.55%.
• The yield on two-year Treasury securities remained stable at 1.52%.
• Germany's 10-year rate fell by three basis points to -0.62%.
• The 10-year British yield declined nine basis points to 0.511%.

Basic products

• Gold rose 0.2% to $ 1,528.80 ounce.
• WTI oil fell 0.8% to $ 55.83 a barrel.
• Brent fell 0.4% to $ 60.68 a barrel.

– With the help of Adam Haigh and Laura Curtis.

To contact the reporters on this story: Randall Jensen in New York at [email protected] Vildana Hajric in New York at [email protected]

To contact the editors in charge of this story: Jeremy Herron at [email protected], Namitha Jagadeesh

© 2019 Bloomberg L.P.