Stocks New York Outlook: Earnings – Labor Market Report Boosts | message

NEW YORK (dpa-AFX) – After the extended Easter weekend, the New York stock exchanges are likely to start trading higher on Monday. The broker IG estimated the Dow Jones Industrial (Dow Jones 30 Industrial) just under an hour before the stock market launch with plus 0.24 percent to 33 396 points. Since the most important European stock exchanges do not reopen until Tuesday, trading volumes are expected to be below average.

The US labor market report published on Friday is likely to be responsible for the good mood. In March, 916,000 new jobs had been created outside of agriculture. Experts had expected 660,000 considerably less. Hourly wages fell surprisingly in a month-on-month comparison.

There was no market-moving company news. Shares in broker Charles Schwab rose by more than two percent in the pre-trading session. The experts from Goldman Sachs had praised the title.

US economic data are only expected after the stock market launch. Economists expect the mood among service providers to have improved significantly in February. Incoming orders from industry should have decreased in the same month./he/fba

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