European stocks were just firmer after disappointing US jobs
growth fed speculation the Federal Reserve would keep monetary
policy on hold for a while longer.
Nonfarm payrolls rose by 148,000 in September, below the
Bloomberg estimate for 180,000. The jobless rate unexpectedly fell
to 7.2% from 7.3% in August. The report was delayed due to the
government shutdown. Its original release date was Oct 4.
In ADR news, ARM Holdings (
) reported Q3 earnings of GBP 0.0511, in line with the Capital IQ
consensus of GBP 0.05. Revenues were GBP 184 million, versus the
analyst estimate of GBP 174.60 million. Licensing revenue in the
U.S. was up 52% year over year while order backlog was up 3%
quarter over quarter. For Q4, the company said it expects strong
licensing revenues as its enters the quarter with a "record order
backlog and a robust opportunity pipeline." The company adds that
it expects group dollar revenues for Q4 to be in-line with current
market expectations of about $290 million.
) will replace Dell (
) in the S&P 500 after the close of trading on Oct. 28.
BHP Billiton (
) raised its projection for full-year iron-ore production to 212
million tons this year, compared with its earlier forecast of 207
The FTSE-100 was last up 0.62% at 6,695.66, the DAX up 0.9% at
8,947.46 and the CAC-40 up 0.43% at 4,295.43.
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