Precise Investors

Friday, August 12, 2022
Stocks & Shares

European stocks tad higher, Wall St lagging

Wall Street

Wall street was lagging despite better-than-expected US jobs data as traders feared flaring tensions between the US and China

Britain’s blue-chip benchmark finished the day up around five points or 0.09% at 6,032. Over the week as a whole, the index added around 2.2%.

European stocks are fractionally higher this afternoon as the US non-farm payrolls report was well-received, noted analyst David Madden, at CMC Markets, adding that the report showed that the jobs market was recovering.

Wall Street was lagging despite the jobs report as traders were fearful about the heightened tensions with China.

Gold lost around 1.48% to US$2,038 an ounce, while the pound was down 0.72% against the US dollar.

In US and Canada, Wall Street shares were seeing red in early deals. The Dow Jones Industrial Average shed over 43 at 27,343. The S&P 500 lost 0,14 at 3,349. The tech heavy Nasdaq was off around four points at 11,103. In Canada and Toronto, the S&P/TSX index shed around 26 at 16,553.

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Silvercorp Metals reports increased revenue and net income in first quarter, lower production costs.

Nomad Royalty Company posts strong revenue from a growing portfolio of global assets in its inaugural quarter.


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