NFP Data Boosts Markets, HP to split
October 6, 2014 8:24 amVideo
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US Indices closed up on Friday, bolstered by positive Non Farm Payroll data showing a 248,000 increase in jobs during September, beating the analyst’s predictions. Asian indices felt the positive effect of the news this morning, with the Nikkei closing up by 1.16% and the Hang Seng closing up by 1.09%; the Hong Kong based index was also positively affected by a large drop in the number of protestors in the centre of the city as many people headed back to work.
Computer giant Hewlett-Packard has announced plans to split in two, with its PC and printer units separated from its corporate hardware and services divisions. It is understood that CEO Meg Whitman will still play roles in both companies; ironically Ms Whitman’s old company eBay just last week announced its plans to split, separating its PayPal business from the rest of the firm.
In Europe this morning, the FTSE, DAX and CAC are all currently up, at 0.28%, 1.02% and 0.27% respectively. Early risers on the FTSE this morning include Barclays (currently up by 2.36%), Easyjet (2.12%) and Tesco (2.35%).
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