Stock market today: Asian markets mixed following hotter-than-expected US jobs report
How did French President Emmanuel Macron's decision to dissolve the National Assembly impact the value of the euro?
French President Emmanuel Macron's decision to dissolve the National Assembly following a setback in Sunday's parliamentary election led to a drop in the value of the euro. The euro fell to its lowest price in nearly a month, trading at $1.0766, down from $1.0778. This decision came after far-right parties made significant gains in the elections. The political uncertainty resulting from this move has contributed to the euro's decline.
What specific data from the U.S. jobs report indicated a stronger-than-expected labor market?
The U.S. jobs report indicated a stronger-than-expected labor market with the addition of 272,000 jobs in May, surpassing economists' expectations. This marked an increase from April's job growth. Furthermore, the unemployment rate rose for a second straight month, which also signaled strength in the jobs market. The report showed that the economy continued to add jobs despite expectations of a cooling labor market.
What were the closing figures for major European stock indices like the CAC 40, DAX, and FTSE 100 following the parliamentary elections in France?
Following the parliamentary elections in France, major European stock indices experienced a decline. The CAC 40 in Paris fell 1.7% to 7,866.87, Germany's DAX lost 0.7% to 18,425.26, and Britain's FTSE 100 declined 0.4% to 8,215.84 in early trading. The setbacks for incumbent parties in the elections cast a shadow across the region, leading to the drop in stock indices.