New York (AFP)
The New York Stock Exchange rose to the opening on Friday, encouraged by better-than-expected economic statistics in the United States and China.
Around 13:40 GMT, its flagship index, the Dow Jones Industrial Average, gained 0.53% to 27,190.96 points.
The Nasdaq, with strong technological color, rose by 0.54% to 8,336.78 points and the S & P 500 index increased by 0.55% to 3,054.15 points.
Wall Street ended lower on Thursday, disappointing indicators and a renewed concern over Sino-US negotiations relegated the better-than-expected results of several big names to the list: the Dow Jones lost 0.52% and the Nasdaq 0.14%.
"Markets rebounded after the publication of a stronger-than-expected increase in the number of job creations in October in the United States and a favorable revision of the September figures, following a relatively optimistic manufacturing activity in China, "commented analysts Charles Schwab.
The unemployment rate in the United States in October slightly increased to 3.6% against 3.5% the month before, partly because of the long strike at the car manufacturer General Motors, but the job creation in fact remained solid: the US economy created 128,000 jobs in October, a little more than expected. Figures for August and September have been revised upwards by 95,000.
For Christopher Low of FTN Financial, these figures validate in a way "the decision of the Fed to declare the economy put back on foot and to take a break in the fall of the interest rates".
The financial markets had already been revived earlier in the day by an independent indicator showing an unexpected rebound in manufacturing activity in China: the Purchasing Managers Index (PMI) for the manufacturing sector calculated by IHS Markit for the Caixin media group was 51.7 last month, its highest level since February 2017.
In the bond market, the yield on the 10-year rate on US debt rose slightly to 1.694% against 1.691% Thursday at the close.
© 2019 AFP