The Malta Independent 16 August 2026, Sunday
View E-Paper

Europe Stocks Advance

Malta Independent Saturday, 6 October 2012, 00:00 Last update: about 15 years ago

On Friday European stocks climbed, with the Stoxx Europe 600 Index heading for its first weekly gain in three, before a report that may show U.S. payrolls expanded at a faster pace last month. U.S. index futures were little changed, while Asian shares advanced.

ECB President Mario Draghi reiterated during a press conference in Slovenia on Thursday that the central bank won’t start intervening in bond markets until governments like Spain request a bailout and agree to conditions. He also ruled out allowing the ECB to take losses in any further Greek debt restructuring and damped speculation of another interest-rate cut.

The prime ministers of Italy, Spain, and France meet at a summit of Mediterranean leaders in Malta during the day.

The Stoxx 600 climbed 0.6 percent to 272.94 at 11:17 a.m. in London.

The U.S. economy created 115,000 jobs last month, up from 96,000 in the prior period, economists forecast before today’s Labor Department report. Earlier this week, a release from ADP Employer Services said companies added 162,000 jobs last month, exceeding economists’ estimates.

Japanese shares rose, with the Nikkei 225 Stock Average gaining 0.4 percent to 8,863.30 at the 3 p.m. close, paring a weekly drop of 0.1 percent, its third week of declines. The gauge fell as much as 0.2 percent earlier during after the Bank of Japan refrained from adding to last month’s stimulus. The broader Topix Index added 0.2 percent.

The National Stock Exchange of India said 59 erroneous orders prompted a plunge in equities that briefly erased about $58 billion in value, underscoring the growing global concern about the integrity of financial markets.

Cocoa growers in Ivory Coast, who will earn 8.7 percent more for their beans this year, may put more money into their farms to boost output after poor weather cut production in the last harvest, farmers’ groups said.

  • don't miss