'Global stock indices had another positive session despite lower US private employment data' says Axel Rudolph, Senior Market Analyst at online trading platform IG.
Stock rally has legs
“Despite weaker-than-expected US ADP employment data across most sectors and unexpectedly falling German factory orders, US and European equity indices has another positive session. The German DAX 40 index even made another new all-time record high."
All eyes on US Non-Farm Payrolls
“Risk on sentiment prevails ahead of Friday's US NFP data and next week's rate decisions by the US Fed, BoE and ECB. The US dollar continues to regain some of its recent losses whereas the gold price has given back this week's entire gains while oil is on track for its fifth consecutive day of losses. "
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