Global Market Cues | Dow was up 0.52% at 34,756; S&P was up 0.88%; NASDAQ was up 1.47%

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Poonam Saney

US – U.S. stocks rose led by technology shares, after a tepid U.S. monthly jobs report relieved investor concerns on stimulus tapering – U.S. employers increased hiring in May and raised wages but the nonfarm payrolls increase was below estimates soothing fears of increased interest rates – Technology was the best-performing group rising 1.9%, as longer-dated U.S. Treasury yields fell. – Dow was up 0.52% at 34,756 while the S&P was up 0.88%. NASDAQ was up 1.47%. Europe – European stocks ended at a record high as optimism over economic recovery buoyed most sectors. – European automobile stocks were the best performers this week, adding more than 5% on back of economies reopening – Investors would keenly watch the ECB policy meeting next week for hints on bond purchase program tapering. – Dax was up 0.39% while CAC was up 0.12%. FTSE was flat Asia – Asian stocks were steady tracking their U.S. peers aided by weak American jobs report that eased some fears about increased inflation. – Bitcoin traded around $36,000 after declining over the weekend amid a crypto currency crackdown in China. – ASX 200 (Australia) was flat while Kospi was up 0.17%. Nikkei was up 0.47% Oil – West Texas Intermediate crude added 0.2% to $69.78 a barrel Gold – Gold was flat at $1,891.57 an ounce.