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.

Wall Street Ends Higher, Books Winning Week

US stocks rallied on Friday, with the Dow Jones jumping nearly 600 points while both the S&P 500 and the Nasdaq gained about 1% each. Traders welcomed a mixed payrolls report showing an unexpected rise in unemployment and a slowdown in annual wage growth, despite a hotter-than-expected payrolls figure. 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' mood. On the corporate front, shares of Lululemon jumped nearly 15%, after the company lifted its full-year outlook. Stocks of Nike were also gaining almost 4%, rebounding from a 1.6% fall the day before. Macy's announced Nike products will return to its stores and websites in October.

United States Stock Market Index (US30) at 33729.55points

The ruble-based MOEX Russia index pared early losses to close flat at 2,719 on Friday, notching a 1.4% gain on the week as Lukoil stocks traded ex-dividend, offsetting an otherwise strong session for the Russian stock market. Shares for the oil giant sank 5.7% as they were detached from dividends of a record-setting 2022, with a yield of 7.7% per yesterday’s closing price. Still, Bashneft, Tatneft, and Surgut continued to rally as the discount on Urals oil prices to Brent narrowed to a post-invasion low of $20 per barrel, according to local sources. At the same time, the rebound in base metal prices supported advances for Mechel and NorNickel. Lastly, VTB stocks closed 5.4% higher, recovering from early losses even though the bank set the price for its secondary public offering below market price.

Lukoil Prevents MOEX Rally

In London the FTSE 100 Index went up by 117 points or 1.56 percent on Friday. The rise was driven by Prudential (6.10%), Carnival (5.60%) and Antofagasta (5.54%).

The FTSE 100 Index increased 1.56%

In Frankfurt the DAX Index gained 210 points or 1.32 percent on Friday. Gains were led by Covestro (6.38%), Puma (6.13%) and Adidas (6.04%).

The DAX Index went up by 1.32%

In Paris the CAC 40 Index went up by 139 points or 1.94 percent on Friday. The rise was driven by Unibail Rodamco (5.35%), Renault (5.01%) and ArcelorMittal (4.66%).

The CAC 40 Index increased 1.94%

Brazil’s Ibovespa stock index rose nearly 2% to above the 112,670 level on Friday, extending Thursday's sharp gains, tracking 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 CVC (+7.4%), Cosan (+6.2%) and CSNMineracao (+5.2%).

Brazilian Equities Surge

Merval increased to an all-time high of 355862

Stocks in Argentina Hit All-time High

The S&P/TSX Composite index was 1% higher to hover near the 19,850 mark on Friday, extending yesterday’s rebound 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 on the corporate front, supported by another strong session for crude oil prices with Canadian Natural Resources and Cenovus Energy adding 1.6% and 2.6%, respectively. Policy-sensitive tech shares and cannabis producers also booked sharp gains. On the other hand, gold miners traded under pressure. Meanwhile, Suncor Energy underperformed oil companies after announcing 1,500 planned job cuts by the end of the year. On the week, the S&P/TSX is set to close flat.

Canadian Stocks Advance Sharply on Friday

The IBEX 35 gained more than 1% to approach the 9280 level on Friday, tracking its European peers higher, as investors digested a mixed payrolls report for the US and the US Senate's approval of the debt deal. Although nonfarm payrolls increased way more than expected, wage growth slowed and the unemployment rate increased. Meanwhile, figures for Spain showed the number of people registering as jobless fell to 2.74 million in May 2023, the lowest unemployment level for a month of May since 2008. Within the Spanish selective, the biggest movers were Grifols (+6.6%), ArcelorMittal (+3.6%) and Merlin (+3.4%). The IBEX 35 was set to advance about 1% this week

Spanish Stocks Rise to End the Week

The JSE FTSE All Share index advanced further to trade around 77,250 on Friday, extending gains for a second day, as global investors cheered a mixed US jobs report and the Senate's approval of the US debt ceiling bill. The latest data indicated a larger-than-expected increase in non-farm payrolls in May, although the unemployment rate exceeded expectations by rising to 3.7%, which could complicate the Fed's decision later in the month. On the corporate front, tech companies Naspers and Prosus, resource-linked sectors and industrial posted the biggest gains. The JSE was set to gain about 0.9% this week.

South African Stocks Rise Further

US stocks were higher on Friday, with the Dow Jones rising nearly 200 points while both the S&P 500 and the Nasdaq gained about 0.8% each. Traders welcomed a mixed payrolls report showing an unexpected rise in unemployment and a slowdown in annual wage growth, despite a hotter-than-expected payrolls figure. 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' mood. On the corporate front, shares of Lululemon jumped nearly 15%, after the company lifted its full-year outlook. Stocks of Nike were also gaining almost 4%, rebounding from a 1.6% fall the day before. Macy's announced Nike products will return to its stores and websites in October.

US Stocks Rise as Investors Digest Payrolls Report

USNDX increased to a 13-month high of 14541

The Nasdaq 100 Hit 13-month High

The FTSE MIB index extended early gains to trade more than 1% higher above the 26,950 level on Friday afternoon, with investors digesting a mixed US jobs report. The US economy added more jobs than expected in May, wage growth slowed and unemployment remained historically low, despite a small uptick. Market sentiment also was supported by relief from the passage of the US debt ceiling bill by the Senate. On the corporate front, almost all sectors were advancing, led by oil companies such as Saipem (+5.4%) and Tenaris (+3.3%) along with Moncler (+4%). The FTSE MIB was set to rise about 0.9% this week.

Italian Stocks Extend Gains

The CAC 40 index extended morning gains to trade about 1.4% higher at the 7,240 mark on Friday afternoon, tracking its European peers higher, as investors digested a mixed payrolls report for the US. Although nonfarm payrolls increased way more than expected, wage growth slowed and the unemployment rate increased. At the same time, traders welcomed US Senate's approval of the text on the suspension of the debt ceiling. The luxury sector was among the top performers, with LVMH (2.8%), Hermes (1.8%) and Kering (1.7%) booking strong gains. Shares of Alstom also rallied more than 3% after announcing it has signed a contract for the delivery of 130 electric trams to the Southeastern Pennsylvania Transportation Authority, valued at over 667 million euros. Also, stocks of Renault surged almost 5%. On the opposite side, Legrand (-1.4%) and Orange (-1.3%) were the worst performers. On the week, the CAC 40 is on track to lose nearly 1%.

French Shares Add 1.4% on Friday

The FTSE MIB index extended early gains to trade more than 1% higher around 28,880 on Friday afternoon, after a mixed US jobs report continued to support expectations that the Federal could pause its tightening cycle in June. The latest non-farm payrolls report showed job creation in the US remained robust in May and wages slowed down, despite a slight increase in unemployment. Market sentiment was already supported by relief from the passage of the US debt ceiling bill by the Senate. On the corporate front, oil companies were leading the way, with Saipem (+5.3%) and Tenaris (+3.4%) advancing firmly. Also, luxury Moncler was doing well (+4%).

European stocks maintained their early gains on Friday afternoon, with Germany's DAX 40 and the pan-European STOXX 600 both rising approximately 0.9%, as investors digested the latest US jobs report, which presented a mixed picture of the country's labor market. The data revealed a larger-than-expected increase in non-farm payrolls in May, although the unemployment rate exceeded expectations by rising to 3.7%. In other news, the US Senate passed legislation to temporarily suspend the government's $31.4 billion debt ceiling, while dovish comments from US Fed policymaker Patrick Harker reinforced expectations that the Federal Reserve would refrain from raising interest rates at its forthcoming meeting. In terms of corporate news, British veterinary drugmaker Dechra Pharmaceuticals agreed to be acquired by Swedish investment firm EQT for £4.88 billion.

European Shares Hold on to Early Gains

US futures extended gains on Friday, with contracts on the Dow Jones rising nearly 200 points, the S&P 500 and the Nasdaq gaining more than 0.5% after a mixed US jobs report contributed to the positive market sentiment as investors welcome the passage of the Fiscal Responsibility Act in the Senate. The US jobs report for May exceeded expectations with the addition of 339K jobs, surpassing the forecast of 190K but the unemployment rate rose to 3.7%, higher than the expected 3.5% and reaching a 7-month high while wage growth was in line with forecasts. On the corporate front, shares of Lululemon jumped nearly 15% in premarket trading, after the company lifted its full-year outlook. Stocks of Nike were also gaining over 2%, rebounding from a 1.6% fall the day before. Macy's announced Nike products will return to its stores and websites in October.

US Futures Extend Gains after Jobs Report

US futures were higher on Friday, with contracts on the Dow Jones rising nearly 150 points, the S&P 500 gaining 0.5% and the Nasdaq 100 adding 0.6%, as investors welcome the passage of the Fiscal Responsibility Act in the Senate and brace for the payrolls release. The US economy is expected to have added 190K jobs in May, slowing from 253K in April, further supporting bets the Fed will pause the tightening cycle this month. On the corporate front, shares of Lululemon jumped nearly 15% in premarket trading, after the company lifted its full-year outlook. Stocks of Nike were also gaining over 2%, rebounding from a 1.6% fall the day before. Macy's announced Nike products will return to its stores and websites in October. On the week, the Nasdaq is up nearly 1%, which would mark a sixth straight weekly advance. The S&P 500 rose 0.4% while the Dow Jones is set to end the week little changed.

US Futures Higher, NFP Eyed

The BSE Sensex closed 120 points higher at 62,550 on Friday, recovering just enough to notch a flat reading on the week as the US Congress’s approval of the debt ceiling deal and dovish signals from Fed officials supported equity benchmark worldwide. Indian stocks also continued to benefit from the dovish outlook from the RBI as domestic inflation slows. Metallurgists led the gains in Mumbai, driven by a 2% jump for Tata Steel shares as hopes of stronger demand in China lifted base metal prices. Gains were also prevalent among major automobile producers, with Mahindra & Mahindra and Maruti Suzuki both advancing nearly 2%.

Indian Stocks Edge Higher on Friday

The ruble-based MOEX Russia index fell 0.7% to hover near the 2,700 mark on Friday as Lukoil stocks traded ex-dividend, offsetting an otherwise strong session for the Russian stock market. Shares for the oil giant tumbled by over 5% as they were detached from dividends of a record-setting 2022, with a yield of 7.7% per yesterday’s closing price. In the meantime, VTB stocks were 0.5% down after the bank set the price for its secondary public offering below yesterday’s close. Still, Bashneft, Tatneft, and Surgut continued to rally as the discount on Urals oil prices to Brent narrowed to a post-invasion low of $20 per barrel, according to local sources. At the same time, the rebound in base metal prices supported advances for Mechel and NorNickel. The MOEX Russia index is set to close the week nearly 1% higher.

Russian Stocks Edge Down on Lukoil Dividend Detachment

The JSE FTSE All Share index was firmer around 76,910 on Friday, extending gains for a second day, tracking a positive mood in international markets, after lawmakers gave final approval to a deal to avert a government debt default in the US and amid hopes the Federal Reserve will ease off rate hikes. Meanwhile, attention turns to the release of a US monthly jobs report for guidance on the Fed's next rate move. On the corporate front, tech companies Naspers (+4.9%) and Prosus (+4.3%); resource-linked sectors (+2.1%) and industrials (+1.8%) posted the biggest gains. On the flip side, Sun International (-2%) and Nedbank (-1.9%) were the top losers. The JSE was set to gain about 0.4% this week.

South African Stocks Advance for 2nd Day

The CAC 40 index rose about 1% to trade around the 7,210 level on Friday, tracking its European peers, as investors were relieved by the US Senate's approval of the text on the suspension of the debt ceiling. Meanwhile, the market is hopeful that the Federal Reserve will pause its tightening policy in June as suggested by certain US policymakers. Traders will also closely monitor today's release of US nonfarm payrolls figures. The luxury sector was among the top performers, with LVMH (2.1%), Hermes (1.3%) and Kering (1.8%) booking strong gains. Shares of Alstom also rallied more than 2% after announcing it has signed a contract for the delivery of 130 electric trams to the Southeastern Pennsylvania Transportation Authority, valued at over 667 million euros. On the opposite side, Thales (-0.8%) and Cap Gemini (-0.4%) were the worst performers. On the week, the CAC 40 is on track to lose nearly 2%.

French Shares Up 1% on Friday

Equities in Hong Kong soared 740.94 points or 4.07% to finish at 18,957.85 on Friday, booking a 2.2% surge for the week while snapping two-day losses that witnessed the Hang Seng slumping to its lowest in six months, powered by a surge in US stock futures after the US Senate passed legislation to suspend the country's debt ceiling. Recent dovish comments from Federal Reserve officials also eased market worries about further monetary tightening in the US. Traders were also upbeat about an eventual rebound in China this year after Thursday's private survey data showed factory activity in the mainland picked up pace in May. All sectors contributed to the upturn, with tech, consumers, and property jumping by more than 5%, respectively, while financials also posted sharp wins. Among the biggest performers of the day were Longfor Group (15.9%), Zhongseng Group (11.2%), Li Ning (10.7%), China Resources (10.6%), Meituan (6.9%),  Fosun Intl. (6.3%), and Tencent Hlds. (5.5%).
.

Hang Seng Surges 4% at Close, Gains 2.2% Weekly

The IBEX 35 rose for a second day on Friday, trading above the 9,200 level, in line with its European peers, encouraged by the Senate's approval of the debt ceiling in the United States and hopes that the Federal Reserve will halt its tightening campaign later this month. All eyes turn to the US monthly jobs report for hints on what policymakers will do in June. Within the Spanish selective, big movers were Grifols (+4.2%), Merlin (+2.8%), INM Colonial (+2.3%) and ArcelorMittal (+1.8%).

Madrid Stocks Rise for 2nd Session

The FTSE MIB index was up for a second day on Friday, trading above the 26,700 level, tracking its regional peers, amid relief from the passage of the US debt ceiling bill by the Senate and expectations of a potential pause in the Federal Reserve's tightening cycle later this month. Meanwhile, investors' focus shifted to the monthly U.S. jobs report later today. Among single stocks, Saipem (+3%) and Tenaris (+2.1%) were advancing the most with the rise in crude oil prices.

Italian Stocks Up for 2nd Session

In China the Shangai Composite Index went up by 25 points or 0.79 percent on Friday. The rise was driven by Qingdao Haier (6.01%), Poly Real Estate (6.01%) and China Grand Auto (5.83%). Biggest losses came from Crrc Corp (-2.91%), China Railway Cons (-2.76%) and China Railway (-2.48%).

The Shangai Composite Index increased 0.79%

The FTSE 100 was 0.4% higher at the 7,525 mark on Friday, extending yesterday’s rebound to track the positive momentum for equities worldwide amid the clearance of the US debt limit deal and further dovish signals from Fed officials. Gains were led by Britain’s heavyweight mining industry, with Rio Tinto and Anglo American both adding more than 2.3% after base metals prices extended their recovery from monthly lows this week. Among other sectors and smaller caps, Dechra Pharmaceuticals shares surged 8.2% after the company agreed to be taken private by Swedish equity firm EQT for GBP 4.5 billion. Still, the FTSE 100 is set to close the week 0.5% lower.

London Equities Extend Rebound

In London the FTSE 100 Index is gaining 38 points or 0.51 percent on Friday. Leading the gains are BHP (2.64%), Prudential (2.38%) and Just Eat Takeaway.com NV (2.34%). Top losers are Polymetal International (-3.90%) and Reckitt Benckiser (-0.22%).

The FTSE 100 Index is rising 0.51%

In Paris the CAC 40 Index is up by 41 points or 0.57 percent on Friday. The rise is driven by ArcelorMittal (2.14%), LVMH (1.81%) and Michelin (1.42%). Biggest losses came from Legrand (-1.44%).

The CAC 40 Index increases 0.57%

European shares rose on Friday, with Germany's DAX 40 increasing by 0.6% and the pan-European STOXX 600 gaining approximately 0.4%, supported by expectations that the Federal Reserve would refrain from raising interest rates at its upcoming meeting. US Fed policymaker Patrick Harker joined others in supporting a pause in the tightening cycle, suggesting that it was time to assess the situation. Additionally, there was optimism among investors that the US would avoid default as the Senate approved legislation to suspend the debt ceiling. All eyes will now turn to the US labor market report due later today. In corporate news, British veterinary drugmaker Dechra Pharmaceuticals agreed to a £4.88 billion takeover by Swedish investment firm EQT.

European Stocks Gain on Fed Dovish Comments

European equity markets were set for a positive open on Friday, tracking a rise in stocks globally as risk sentiment improved after US lawmakers voted to approve a bill that would increase the federal debt ceiling, allaying fears of a historic default. US policymakers also suggested that the Federal Reserve could pause its tightening cycle in the upcoming meeting, while investors await the May jobs report for further guidance. Meanwhile, European Central Bank President Christine Lagarde said the 6.1% inflation rate in the euro zone was still too high and that further tightening would be needed to bring inflation back down to the 2% target. DAX futures jumped 0.6% in premarket trade, while Stoxx 600 and FTSE 100 futures gained about 0.4%.

European Markets Set for Positive Open

In Tokyo the Nikkei 225 Index rose 377 points or 1.21 percent on Friday. Leading the gains are Nippon Paper (5.04%), CyberAgent (4.67%) and Eisai (4.52%).

The Nikkei 225 Index rose 1.21%

The BSE Sensex gained 65.1 points or 0.1% to 62,493.7 in morning trade on Friday, attempting to move into the green territory, tracking a positive note on Wall Street, after the congressional approved the US debt bill. India's GDP projection from JP Morgan also boosted positive sentiment. JP Morgan raised its forecast for India's annual growth by 50bps to 5.5% for fiscal 2024 but warned that a global economic slowdown and tighter financial conditions will still drag the economy. Meanwhile, the country's manufacturing sector grew the most since October 2020 in May, boosted by solid demand. Nine out of 13 sectors were trading in the green, with realty, metals, and consumers being the largest gainers. Hero Motocorp rose 2.3%, followed by Hindalco (1.8%), Adani Enterprises (0.9%), and Tata Steel (0.8%). For the week, the index, however, is heading a small loss, on worries over the possibility of the RBI would cut rates in Q3 amid strong domestic data.

Sensex Trades Higher, Heads for Small Drop Weekly

Stocks in New Zealand lost 55.74 points or 0.47% to end at 11,860.39 on Friday, swinging from notable gains the day before, rattled by sharp losses from non-energy minerals, healthcare, and transport. Investors were cautious ahead of the monthly jobs report in the US later today as they bet the Fed will pause its interest-rate hikes this month. Downbeat data on terms of trade in New Zealand also dented sentiment, amid indications that both export and import prices fell during Q1 of 2023. Capping the losses were reports that the US Senate had approved a deal that would increase the country’s debt ceiling and now President Biden is expected to immediately sign the newly passed bill. Napier Port Hlds. and Tourism Hlds. each shed 2.7%, AFT Pharmaceuticals slipped 2.3%, and Fisher & Paykel Healthcare dropped 1.8%. Still, the index for the week gained 0.25%%, as the business mood in New Zealand picked up in May due to a rebound in activity outlook and easing inflation expectations.

New Zealand Shares Up 0.25% Weekly

The stock market in Hong Kong surged 564 points or 3.1% to 18,780 on Friday morning trade, snapping two-day losses while pointing to a 1.2% climb for the week, boosted by the tech sector with Baidu Inc. and Alibaba jumping above 5% and JD.Com soaring 4.5%.

Hong Kong Shares Set to Close Week on High Note

The Shanghai Composite gained 0.5% to around 3,220 while the Shenzhen Component jumped 1.2% to 10,960 on Friday, rising for the second straight session and tracking global peers higher as sentiment improved after the US House of Representatives passed a bill to raise the debt ceiling. Domestically, hopes for further policy support also buoyed mainland stocks as mixed economic data in China pointed to an uneven post-pandemic recovery. Artificial intelligence-related and other technology stocks led the charge, with strong gains from iFLYTEK (2%), Kunlun Tech (4.6%), 360 Security Technology (2%), Zhejiang Century (2.2%) and Hengxin Shambala (11.9%). Other heavyweight firms also advanced, including Contemporary Amperex (2.1%), BlueFocus Intelligent (2%) and CSSC Science & Technology (3.2%).

China Stocks Gain on Upbeat Global Sentiment

The Nikkei 225 Index rose 0.6% to above 31,300 while the broader Topix Index jumped 0.9% to 2,169 on Friday, rising for the second straight session and tracking gains on Wall Street overnight as the US debt ceiling bill was passed by the House of Representatives, allaying fears of a potential default and removing a source of uncertainty in the markets. The benchmark indexes also climbed back toward 33-year highs, after Japanese stocks outperformed global peers in May on strong domestic earnings and a weak yen. Notable gains were seen from index heavyweights such as Toyota Motor (2%), Rakuten Group (1.6%), Nintendo (1.6%), Daikin Industries (2.6%), Sony Group (0.9%) and Panasonic Holdings (3.1%). Elsewhere, SoftBank Group rallied 5% amid the investing giant’s exposure to semiconductor and AI-related companies.

Japanese Shares Track Wall Street Higher

The S&P/ASX 200 Index climbed 0.6% to above 7,150 on Friday, rising for the second straight session, with technology and mining stocks leading the charge. Australian shares also tracked gains on Wall Street overnight as the US debt ceiling bill was passed by the House of Representatives, allaying fears of a potential default and removing a source of uncertainty in the markets. Gains in the technology and mining sectors were led by Appen (6.7%), Wisetech Global (1%), Silex Systems (6.2%), BHP Group (1.9%), Fortescue Metals (0.9%) and Rio Tinto (1.6%). Other index heavyweights also advanced, including Commonwealth Bank (0.5%), CSL Ltd (0.4%), IDP Education (2.6%), Newcrest Mining (3.4%) and Woodside Energy (0.6%).

Australian Shares Climb on Tech, Mining Boost

US stock futures inched up on Friday as investors look ahead to the May jobs report that could affect the economic and monetary policy outlook. Futures contracts tied to the three major indexes were all up about 0.1%. In extended trading, Lululemon, MongoDB, Five Below, Asana and Samsara all popped on better-than-expected quarterly results, while Broadcom, PagerDuty, ChargePoint and SentinelOne tumbled on disappointing corporate updates. In regular trading on Thursday, the DOw gained 0.47%, the S&P 500 jumped 0.98% and the Nasdaq Composite rallied 1.28%, with nine out of the 11 S&P sectors finishing higher led to the upside by technology. Those gains came as the House passed the debt ceiling bill late on Wednesday, advancing it to the Senate ahead of the June 5 deadline. Fresh ISM data also showed manufacturing activity contracted for the 5th consecutive month and price pressures eased significantly, reinforcing bets the Fed will pause the tightening cycle this month.

US Futures Inch Higher Ahead of Key Jobs Report

The equities in New Zealand fell 11.55 or 0.10% to 11,905.58 in early deals on Friday, after gaining in the prior session, pressured by weak economic data. New Zealand's export price shrank 6.9% qoq in Q1, worse than the market forecast of a  2.7% drop, and the fastest decline since Q3 of 2020. Meanwhile, import prices fell 5.4%, the steepest drop since Q4 of 2009. Investors were also cautious ahead of the June 5 deadline for the lawmakers in Washington to pass the legislative measure. Losses were limited, however, due to a strong session on Wall Street overnight. Energy and healthcare stocks led the fall in broad-based selling, down over 0.6% each. Among individual shares, A2 Milk slid 0.52%, Ebos Group fell 0.29%, and Fisher & Paykel dropped 1.44%. For the week, the index is heading for a 0.6% rise, amid hopes of a US debt ceiling deal.

NZX Edges Lower in Early Deals

Brazil’s Ibovespa stock index rose 2% to close around the 110,570 level on Thursday, as investors cheered positive domestic GDP data and the approval of the bill that raises the US debt ceiling in the House of Representatives. Brazil's GDP grew by 1.9% on quarter in Q1 2023, a better-than-expected result that indicates a recovery compared to the end of 2022. However, a separate report showed Brazil's factory activity experienced contraction for the seventh consecutive month in May. On the corporate front, education company Locaweb (+10.7%) was the top gainer, followed by Brasil Bolsa Balcao (+77%) and CVC (+6.4%). Also, shares in heavyweights Vale (+2.3%) and Petrobras (+3.2%) advanced. In corporate headlines, Petrobras said its board of directors had approved a revision of part of its 2023-2028 strategic plan in a bid to increase investments in low-carbon initiatives.

Brazilian Stocks Pop on Thursday

The S&P/TSX Composite index finished  0.5% higher at the 19,670 mark on Thursday, tracking gains from its peers on Wall Street while investors digested the latest macroeconomic data for insights on the policy outlook for major central banks. PMI data showed that the Canadian manufacturing sector contracted in May while input prices for factories fell for the first time in 11 years, trimming hawkish worries for the BoC following yesterday’s strong Q1 GDP figures. Miners to led the gains of the session, tracking higher bullion prices advancing 2.3%. Energy producers added 1.1% while banks ended marginally higher. Among stocks, Denison Mines Corp was among the top performers gaining almost 9%. Teck Resources extended its rally with a 4% advance following yesterday’s announcement from Glencore that the British giant may raise its bid for Teck’s acquisition.

Canadian Stocks Start June Higher

The blue-chip Dow Jones closed over 150 points higher on Thursday, while the S&P 500 added nearly 1% and the Nasdaq gained 1.3% touching its 40-week level high during the session. Investors cheered after the House passed the debt bill late Wednesday evening and eyed the monetary policy outlook. Fresh ISM data showed manufacturing activity contracted for the 5th consecutive month and price pressures eased significantly, reinforcing bets the Fed will pause the tightening cycle this month. As a result, Treasury yields fell and tech shares got a boost. On the other hand, Salesforce fell 5% after the company reported higher capital expenses than expected. Meanwhile, traders welcomed the passage of the Fiscal Responsibility Act of 2023 by a vote of 314-117 in the House of Representatives. The bill is currently on its way to the Senate and is anticipated to receive approval before the June 5th default deadline.

US Stocks End Higher on Debt Deal Cheers

US500 increased to a 40-week high of 4231

The S&P 500 Hit 40-week High

The IPC Mexico increased 4410 points or 9.10% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks this benchmark index from Mexico.

IPC Mexico Stock Market at 52874.16points

The FTSE 100 rose 0.7% on Thursday, rebounding from two sessions of losses, led by miners including Fresnilo and Ango Amercian after Chinese factory activity beat expectations. In corporate headlines, AstraZeneca received approval for its cancer drug combination, boosting the healthcare sector. On the other hand, Dr Martens Plc warned of lower earnings and cited challenges in the US market; Pennon Group reported a sharp drop in profit; and Johnson Matthey announced plans to sell its medical device components business. The housing market also faced headwinds with falling prices and a cautious outlook.

United Kingdom Stock Market Index (GB100) at 7501.30points

The S&P/TSX Composite index hovered close to the flatline at the 19,575 mark on Thursday, holding recent losses at a two-month low as investors continued to digest the latest macroeconomic data for insights on the policy outlook for major central banks. PMI data showed that the Canadian manufacturing sector contracted in May while input prices for factories fell for the first time in 11 years, trimming hawkish worries for the BoC following yesterday’s strong Q1 GDP figures. Stateside, strong labor data clashed with weak factory activity, although dovish comments from Fed officials pared bets of another rate hike this month. The developments supported precious metal prices, driving Canadian miners to lead the gains for the session. Barrick Gold shares jumped by 1%, while Teck Resources extended their rally with a 2.5% advance following yesterday’s announcement from Glencore that the British giant may raise its bid for Teck’s acquisition. On the other hand, oil producers and banks fell.

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Brazilian Equities Rise, Book 6th Weekly Gain

Canadian Stocks Close Higher

Wall Street Ends Higher, Books Winning Week

United States Stock Market Index (US30) at 33729.55points

Lukoil Prevents MOEX Rally

The FTSE 100 Index increased 1.56%

The DAX Index went up by 1.32%

The CAC 40 Index increased 1.94%

Brazilian Equities Surge

Stocks in Argentina Hit All-time High

Canadian Stocks Advance Sharply on Friday

Spanish Stocks Rise to End the Week

South African Stocks Rise Further

US Stocks Rise as Investors Digest Payrolls Report

The Nasdaq 100 Hit 13-month High

Italian Stocks Extend Gains

French Shares Add 1.4% on Friday

Italian Stocks Extend Gains

European Shares Hold on to Early Gains

US Futures Extend Gains after Jobs Report

US Futures Higher, NFP Eyed

Indian Stocks Edge Higher on Friday

Russian Stocks Edge Down on Lukoil Dividend Detachment

South African Stocks Advance for 2nd Day

French Shares Up 1% on Friday

Hang Seng Surges 4% at Close, Gains 2.2% Weekly

Madrid Stocks Rise for 2nd Session

Italian Stocks Up for 2nd Session

The Shangai Composite Index increased 0.79%

London Equities Extend Rebound

The FTSE 100 Index is rising 0.51%

The CAC 40 Index increases 0.57%

European Stocks Gain on Fed Dovish Comments

European Markets Set for Positive Open

The Nikkei 225 Index rose 1.21%

Sensex Trades Higher, Heads for Small Drop Weekly

New Zealand Shares Up 0.25% Weekly

Hong Kong Shares Set to Close Week on High Note

China Stocks Gain on Upbeat Global Sentiment

Japanese Shares Track Wall Street Higher

Australian Shares Climb on Tech, Mining Boost

US Futures Inch Higher Ahead of Key Jobs Report

NZX Edges Lower in Early Deals

Brazilian Stocks Pop on Thursday

Canadian Stocks Start June Higher

US Stocks End Higher on Debt Deal Cheers

The S&P 500 Hit 40-week High

IPC Mexico Stock Market at 52874.16points

United Kingdom Stock Market Index (GB100) at 7501.30points

Canada Stock Market Index (TSX) at 19700.56points