European stocks firmed after U.S. August payrolls gained a
less-than-expected 169,000 jobs.
The jobless rate fell to 7.3% from 7.4%. July payrolls also were
revised down by 50,000 to 112,000.
The weaker-than-expected jobs growth sparked new speculation
that the Fed will hold off on its bond-tapering program now.
The advance, though, was capped by ongoing worries over Syria.
Russian President Vladimir Putin vowed to support Syria against any
Western military strike.
Around the region, Germany's exports fell 1.1% on the month in
July, while imports increased by 0.5%. The data are adjusted for
calendar and seasonal effects. The country's adjusted trade surplus
came in at 14.5 billion euros ($19 billion) in July, below experts'
expectations of EUR16 billion. June's adjusted trade surplus was
EUR15.8 billion, a slight revision from the EUR15.7 billion first
Germany's industrial output fell an adjusted 1.7% in July,
reversing a revised 2% gain in June. Economists were looking for a
dip of just 0.5%. Adjusted for working days, industrial output fell
Moody's Investors Service changed the outlook for Germany's
banking system to stable from negative, which it had been since
Halifax said UK house prices in August rose 0.4% from July and
were 5.4% higher than a year earlier, the biggest annual increase
since June 2010.
In July, house prices increased 0.9% from June, and were up 4.6%
from July last year.
Overall UK industrial production was flat in July compared with
June, and was 1.6% lower on an annual basis.
The Office for National Statistics said the deficit on goods was
9.9 billion pounds ($15.45 billion) in July, considerably wider
than June's deficit of GBP8.2 billion. It is also the biggest trade
gap in nine months.
French consumer sentiment rose to 84 in August from 82 in July,
Greek Q2 GDP was revised to down 3.8% year-on-year, up from a
previous estimate of down 4.6%.
In ADR news, Ericsson (
) was upgraded to outperform from neutral at Credit Suisse.
Diageo plc (
) firmed after Citigroup upgraded the shares to buy and raised its
The FTSE-100 was last up 0.23% at 6,547.33, the DAX up 0.49% at
8,275.67 and the CAC-40 up 1.06% at 4,049.19.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.