Payrolls lifting US markets, dollar advances

FXstreet.com (Barcelona) - US shares are rallying on Friday and reverting a negative week for the stock markets, after the US economy added 175K jobs in May, exceeding expectations. Renewed hopes of a sustained recovery have encouraged investors to return to the markets pushing the indices higher. The USD is also benefiting from the better jobs data, advancing for the first time in the week after printing lows around 81.00 in terms of the US Dollar index. DowJones is now advancing 1.11% followed by the Nasdaq and the S&P500, up1.05% and 0.98%, respectively.

Bourses in Europe trimmed weekly losses, with the main indices posting decent gains on upbeat US jobs data. The DAX advanced 1.92% ahead of the CAC40, 1.53% and the FTSE100, 1.20%. The shared currency dipped to session lows below 1.3200 the figure in the wake of the NFP release, just to slowly pick up pace afterwards and trade back to the current region of 1.3220/25.

In the commodities’ space, the ounce troy of gold is taking a hit, down 2.34% at $1,382 while the barrel of WTI is up 1.41% at $96.09.