ADP: Companies added 216, 000 workers last month
European stocks rose, rebounding from the biggest drop since November, and commodities advanced while Treasuries declined after a report showed American companies increased hiring. U.S. equity futures climbed.
The Stoxx Europe 600 Index added 0.5 percent at 8:15 a.m. in New York. Standard & Poor’s 500 Index futures climbed 0.4 percent, indicating the gauge will rebound from its steepest slump this year. The S&P GSCI index of 24 commodities increased 0.4 percent. The 10-year Treasury yield added one basis point to 1.95 percent. Australian two-year note yields declined for the fourth day. The euro gained less than 0.1 percent to $1.3118.
Companies added 216,000 workers last month, according to a private report by ADP Employer Services. Thirty investors in Greek securities have agreed to participate in a Greek debt swap, according to an e-mailed statement from the Institute of International Finance. Stocks tumbled yesterday, erasing more than $1 trillion from the value of global equities after a report showed Europe’s economy shrank while investors awaited details in Greece’s debt deal.
http://www.bloomberg.com/news/2012-03-07/asian-stocks-drop-for-third-day-as-yen-climbs-on-europe-korean-won-falls.html
