Pfizer Soars in the Wake of Hospira Acquisition Announcement, NonFarm Payrolls Later Today
February 6, 2015 8:00 am
Asian shares edged higher on Friday and oil prices continued to rebound, but investors remained wary ahead of the U.S. nonfarm payrolls report for January later in the session. U.S. stocks climbed on Thursday as energy shares bounced with oil prices, while news that Pfizer is to purchase Hospira in a massive deal further boosted the market. The Dow rose 211 points to close at 17,884, the S&P500 gained 21 points to close at 2,062.
The Euro eased 0.1% to $1.1469, after having surged 1.2% the previous day in a short covering rally. The Dollar sagged 0.2% to 117.32 Yen, staying within a range of roughly between 116.00 Yen to 119.00 Yen seen since mid-January. The Australian Dollar rose 0.4% to $0.7827, gaining a lift after the Reserve Bank of Australia’s quarterly statement did not sound as dovish as some had expected.
Brent crude futures soared about 2.1% to $57.78 a barrel, while U.S. crude added about 2.6% to $51.77 a barrel after surging more than 4% in the previous session, as an escalating conflict in Libya and optimism about oil demand after China’s central bank easing helped the market rebound.
Tate and Lyle, the British ingredients company, warned that its annual profits would come in below the range it forecast in September, hit by weak performance in sweeteners in the third quarter. The stock is bottom of the FTSE, trading 14% down at 572p per share in early trade.
Its nonfarm Friday, with the markets keen to find out January’s results, which will be released at 13:30 GMT. Current estimates suggest that Nonfarm payrolls increased 234,000 last month after advancing by 252,000 in December, according to a Reuters survey.
Asian shares edged higher on Friday and oil prices continued to rebound, but investors remained wary ahead of the U.S. nonfarm payrolls report for January later in the session. U.S. stocks climbed on Thursday as energy shares bounced with oil prices, while news that Pfizer is to purchase Hospira in a massive deal further boosted the market. The Dow rose 211 points to close at 17,884, the S&P500 gained 21 points to close at 2,062.
The Euro eased 0.1% to $1.1469, after having surged 1.2% the previous day in a short covering rally. The Dollar sagged 0.2% to 117.32 Yen, staying within a range of roughly between 116.00 Yen to 119.00 Yen seen since mid-January. The Australian Dollar rose 0.4% to $0.7827, gaining a lift after the Reserve Bank of Australia’s quarterly statement did not sound as dovish as some had expected.
Brent crude futures soared about 2.1% to $57.78 a barrel, while U.S. crude added about 2.6% to $51.77 a barrel after surging more than 4% in the previous session, as an escalating conflict in Libya and optimism about oil demand after China’s central bank easing helped the market rebound.
Tate and Lyle, the British ingredients company, warned that its annual profits would come in below the range it forecast in September, hit by weak performance in sweeteners in the third quarter. The stock is bottom of the FTSE, trading 14% down at 572p per share in early trade.
Its nonfarm Friday, with the markets keen to find out January’s results, which will be released at 13:30 GMT. Current estimates suggest that Nonfarm payrolls increased 234,000 last month after advancing by 252,000 in December, according to a Reuters survey.
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