Asia shares were mixed, but Europe rallied on an ongoing hope the debt situation there will be resolves. US unemployment numbers are due today
The Nikkei was up .54% to 8,644. The Hang Seng rose .2% 19,040.
In Europe, near the open, the FTSE 100 was sharply up 1.76% to 5,583. The DAX rose 1.46% to 6,125. Shares in banks continued to rise as it appears there may be some resolutions to the sovereign debt crisis, although EU region unemployment numbers and PMI were poor.
According to MarketWatch, “European stock markets shot higher at the start of trading on Friday, with banks and miners leading the gains.”
The US jobs report, due at 8.30 AM EST is expected to show an addition of 125,000 new jobs, and improvement, but still an anemic one. Earlier data from ADP said the private sector added 206,000 jobs last month.
Even if 125,000 new jobs were created last month, it is not enough to fill the hold created by the huge monthly layoffs of the recession.
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