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U.S. Employment Data Beat Estimates, Germany Impresses with Factory Orders

Dec 05,2014  Market News  Comment: 0

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Kokomo, IN – (StockNewsDesk) – 12/05/2014 — Broader indices of the U.S. markets and European markets bolstered gains after the largest economy in the world reported to have provided employment to more people than expected. Meanwhile, European markets cheered the fact that growth in the Gross Domestic Product (GDP) of the euro zone met investors’ expectations. However, there were a few mixed economic numbers which overshadowed the encouraging employment numbers. the number of Americans that received employment increased well above expectations to 321,000. The Street expected the employment to increase to 220,000. This is also above earlier period’s reading of 236,000. Moreover, the employment numbers have managed to stay above the yearly average of 228,000. However, the unemployment rate of the country stayed at 5.8%. The rate at which the U.S. has created employment is significant. However, disappointing growth in wages played a spoil sport. For four decades, real wages have either grown marginally or have remained flat.

The U.S. trade deficit came in below expectations at $43.4 billion. While the exports to fewer countries increased significantly, imports remained flat. Fall in crude oil prices failed to create an impact on the imports; however, it helped to contain the import bill. Imports of the country increased by 0.9% to $241 billion. However, exports increased 1.2% to $197.5 billion.

Imports from China increased phenomenally, disclosing a trade gap of $32.6 billion.  Exports to European countries increased by 8.5% while to China, they increased a massive 36%. Exports to Japan also increased by 4.0%. Exports to countries like Canada and Mexico touched new highs.

U.S. Employment Data Beat Estimates, Germany Impresses with Factory Orders

Euro zone GDP Meet Expectations

European markets had a reason to cheer as the GDP estimates of the euro zone met estimates. On a Quarter over Quarter (QoQ) basis, GDP came in at 0.2%, while on a Year over Year (YoY) basis, it came in at 0.8%. Investor optimism gained as German factory orders came in well above expectations. The factory orders of the largest country of the euro zone increased by 2.5%. This reading is well above estimates of 0.6% and earlier period’s figure of 1.1%. On the downside, industrial production of the country declined marginally to 1.2%, compared to expectations of 1.4%. However, it was above earlier period’s figure of 1.0%.

Investors are expecting the ECB to introduce more stimulus in the financial system of the country as crude oil prices continue to pose a risk for the entire euro zone.

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