Introducing Broker: According to Reuters.com global equity markets rose on the 7th of March after an encouraging U.S. weekly labor market report indicated a steadily improving economy.
This is while the euro strengthened after the European Central Bank left its benchmark interest rate unchanged.
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week; it is yet another sign in the most recent data that the labor market is picking up.
On Wall Street, U.S. stocks rose on the labor report. But European shares pared their gains when European Central Bank- ECB President Mario Draghi was non-committal as to whether he thought equity markets were fairly priced at current lofty levels. Introducing broker might consider investments in US dollars rather than other currencies.
The Dow hit an intraday record for a third consecutive session, climbing as high as 14,354.69, after reaching uncharted territory. The broader Standards & Poor 500 remains more than 1 percent below its record close and intraday high set in October 2007.
Other U.S. stock indexes also hit intraday records.
The number of Americans filing initial claims for unemployment benefits unexpectedly fell to a seasonally adjusted 340,000 last week.
The market's focus turned to Friday 8th of March, when the government's monthly non-farm payrolls report is expected to show the U.S. economy added 160,000 jobs in February. An introducing broker might consider that this is a good time to invest and take advantage of the good situation.
The equity rally's sharp advance has raised concerns on both sides of the Atlantic. The Dow has climbed 15 percent from its November lows, while the FTSEurofirst 300 Index of leading European shares has gained 11 percent.
The Russell 2000 Index, which measures the performance of 2,000 U.S. small-cap companies, hit an intraday record high in Thursday's session. The Russell 1000 and the Russell 3000 also climbed to record intraday highs.
"Equity markets have had a pretty significant advance over the past several months since bottoming in November. Despite generally positive market internals, there's some worry about jumping into the market at these levels," according to the report.
Introducing Brokers are experts that can give excellent advice to boost up your investments, with the economy getting better; it could be a good idea to hire an IB to get some help in order to make the correct decisions to make money.