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Brazil’s Ibovespa stock index ended 1.8% higher around the 112,590 level on Friday, extending Thursday's sharp gains, in line with its global counterparts. Investors reacted positively to a mixed US jobs report and the approval of the US debt ceiling bill by the Senate. The latest US non-farm payrolls report for May showed employers added more jobs than expected, despite a surprise increase in unemployment. On the domestic data front, Brazil's industrial production fell more than expected in April. On the corporate front, several companies posted solid gains, notably Cosan (+7.9%), Sendas (+4.8%) and CSNMineracao (+4.7%). Heavyweights miner Vale (+4.2%) and Petrobras (+0.7%) also traded in the green. Week to date, the Ibovespa added 1.5%, marking the sixth straight weekly gain.

Brazilian Equities Rise, Book 6th Weekly Gain

The S&P/TSX Composite index advanced almost 1.8% to close at the 20,000 mark on Friday, extending gains from the previous session and tracking the strong session for US equities as investors welcomed mixed data from the US labor market. While the unemployment rate rose well above expectations and wage growth slowed, non-farm payrolls surpassed market forecasts and lifted North American bond yields. Energy stocks led the gains and advanced 2.8%, while banks and industrials shares added 2.1% each. Policy-sensitive tech shares and cannabis producers also booked gains. On the other hand, gold miners traded under pressure amid lower gold prices. In corporate news, Suncor Energy was up nearly 3% after announcing 1,500 planned job cuts by the end of the year.

Canadian Stocks Close Higher

The Dow Jones closed 700 points or 2.1% higher on Friday while the S&P 500 added 1.4%, its highest level since August 2022 and the Nasdaq topped its April 2022 highs gaining 1%. Investors welcomed a mixed payrolls report showing hotter-than-expected payrolls white an unexpected rise in unemployment and a slowdown in annual wage growth. The data could influence the Fed's decision to maintain the Fed funds rate steady this month, as they may seek more clarity on the state of the economy. However, there has been a slight increase in the likelihood of a 25bps hike occurring this month. Meanwhile, the passage of the Fiscal Responsibility Act in the Senate also lifted investors' moods. On the corporate front, shares of Lululemon jumped 11.3%, after the company lifted its full-year outlook.  Week to date, the Dow added 2.4% while the S&P 500 and the Nasdaq gained 2.6% and 3.4%, respectively.

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Lets go gold!

NFP day with Dow Jones

Gold still buys

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Gold is down by 2.43%

Brazilian Equities Rise, Book 6th Weekly Gain

Canadian Stocks Close Higher

Wall Street Ends Higher, Books Winning Week