Market Headline 6/10/2017

Posted 06 Oct 2017 by Alan McCarthy


  • The S&P 500 notched another fresh record high yesterday, gaining 0.6% on the day, marking the eighth consecutive positive session for the index and a sixth successive record close.
  • Financials and Technology stocks were the best performing sectors on the day. Financials were boosted by a rise in bond yields following the passing of a budget deal in the House of Representatives.
  • The key event for the session ahead will be the non-farm payrolls report. Consensus expectations are for the US economy to have added 80k jobs in September, although the range of estimates is much wider than usual due to the uncertainty of the impact from Hurricane Irma.



  • European equities also posted positive gains for the session. The Euro Stoxx 50 index gained 0.5% and Spanish equities rebounded from losses seen in the previous session, gaining 2.5%.
  • The move in Spanish equities was driven by lower expectations of a declaration of independence by Catalan separatists.



  • This morning in Asia, markets have followed the lead from the US and European trading sessions, trading higher. Japanese equities gained 0.3% as Consumer Discretionary and Real Estate contributed the most gains.

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