US Markets rose in volatile trading ahead of US jobs report - ZENMoney

In US Markets, Major Indicies rose in a volatile trading ahead of release of the US jobs report which is scheduled on Friday. Regeneron Pharmaceuticals shares jumped on news that a late-stage trial of an eye drug it is developing with Bayer had positive results. Retail stocks rose, with major US chains reporting monthly sales that were largely in line with expectations.

On the European front, The Britishbenchmark fell after the European Central Bank President Mario Draghi said that there was no immediate need to introduce negative deposit rates for banks, while the idea of taking asset-backed securities as collateral was a long-term proposition. Monte Paschi's shares were weak all day following a report that its main investor could sell a big stake.

Nikkei in the morning session opened on a negative note due to a stronger yen against the dollar on concerns that the key US jobs report will disappoint. However, a rally in the US equities supported the Nikkei at lower levels.

Source : Equity Bulls

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