FRANKFURT (Dow Jones ) – Europe’s stock exchanges were also present on Friday afternoon in very good spirits. Based on technology of surcharges , insurance and utility stocks win the Euro Stoxx 50 to clock 12.32 0.7% or 18 points to 2,733 . For the Stoxx 50 is 0.6% or 15 to 2525 points up. Nevertheless, in restraint of trade against the major U.S. labor market data on the afternoon of the question.
Statistics on the employment situation in the largest economy in the world in August is the overarching theme. " Despite lack of positive surprise ISM index for manufacturing industry in the U.S. in August, continued confidence in the sustainability of economic recovery , "said one market participant.
On average, economists expect in their forecast that in August in the United States 110 000 jobs will be lost outside of agriculture . As in previous months, the statistics should, however, again be distorted by the limited set only people counters. Some economists estimate that the government has in the past month sent up to 125,000 of them home.
Response to the U.S. labor market report on predicting difficult
So it only makes sense to consider the development of employment in the private sector . An indication for this has already delivered on Wednesday the ADP employment report, the payroll service provider , which has remained below expectations. "The price reaction to the figures, but could hardly be foreseen , "according to a dealer , and should depend primarily on the position of the investors in the run .
A likely scenario is that the market for the ADP numbers " short " walk in the labor market report and arises in slightly better numbers in view of the impending failure of the long weekend roofing needs.
In addition to the U.S. labor market report , the ISM index for the service sector of the United States stands in August on the program. Economists expect , on average, a decline in the index to 53.0 from 54.3 points in July.
Prospect of agreement in terms of taxation and NPP based provider
At noon, the quotations are supported among others by the lapels for suppliers of 0.6 %. The news that GDF Suez aims to create 2016 new jobs in the order of 150,000 , is seen by investors as a signal that the outlook of the maligned by investors since the beginning of the sector may not be so negative.
In addition, reports are also helpful in that it is the weekend at a meeting at the chancellery on decisions with regard to the simmering dispute over term extensions and taxation of nuclear power plants (NPP ). GDF Suez to gain 1.9% to 26.02 EUR , 0.6% to E. ON and RWE 22.87 EUR 1.3% to 53.27 EUR .
Solid with an increase of 1% are also evident in Europe tech stocks. Dealer has a good set from overseas. They speak of an improved sentiment for the sector, after Samsung Electronics , the sales target for smartphones has adjusted upward to 25 million shares of previously 18 million units. Nokia move by 1.1 % before to 7.10 EUR .
Roche confirmed for annual forecast
In the meantime, pharmaceutical Roche sting out with a gain of 1.9 %. This supports the announcement of a cost reduction program and the confirmation of the full-year forecast by the Group. " After the previous setbacks were there on the market already concerned that the guidance could not be kept , "said one dealer.
Although Roche had previously been regarded as a premium manufacturer " , which would ensure its profitability is not about savings programs. Currently, the Swiss stay but simply no choice. Roche gaining 1.9% to 142.40 CHF , the Stoxx sector increased 0.6%.
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