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U.S. Morning Call: Global shares up on hopes of U.S. jobs

Thursday, October 04, 2012 - 03:41

Oct 5 - Employers in the United States are expected to have added 113,000 jobs to their payrolls last month, according to a Reuters survey of economists.

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Just Friday is here and in an hour's time we'll find -- a September was a successful month for Americans out there hunting for work. Let's get right -- your morning call. 113. Thousand that's the estimated number of jobs added to the US economy in September according to a Reuters poll. It -- just a slight uptick from 96000. In August suggesting the growth in the labor market. The jobless rate also expected to rise slightly to eight point 2% from eight point 1% in August. If the numbers coming as expected today could help explain that anxiety over employment and push Bernanke into action. The data also likely to keep pressure on President Obama just ahead of the November 2012 elections. Now you report turned out to be relatively good one yes and he could rally to a five year high today. US stock futures point to a slightly higher open at the moment. The stock market's recent gains not -- back investors and throws. The Wall Street Journal reports that this is the first time since 1981. And investors have pulled money from US stock funds for more than a year at a time. European stocks edging higher today focusing on the impending data from the US rather than -- debt crisis. And early today in Asia the Bank of Japan resisted political pressure and kept monetary policy steady. That's despite mounting signs that Japan's sagging exports to China and Europe could push it into recession. Never stocks on the -- watch for any reaction in shares of apple today. Rival Samsung reported I would -- record quarterly profit of seven point three billion dollars. Nearly double last year's figure strong sales of high and TB using galaxy Smartphones more than offset reduced orders for chips and screens from apple. Today also marks the anniversary of the death of Apple's founder and create a fat head Steve Jobs. Chick got Morgan Stanley stock today a report in the Financial Times this Ian James Gorman sympathizes with shareholders over high compensation for bankers. And sees lower pay reflecting the times this is as the investment bank is planning more job cuts and smaller bonuses next year in order to boost revenue. Checking in on the social world this morning FaceBook shares trading over two and a half percent lower in the premarket. Dozens of lawsuits against the social network along with the NASDAQ in -- underwriters will go before -- federal judge in New York. Who had the typical task of sorting through the mess left behind by Facebook's botched IPO. Shares of Zynga hitting a record low in the premarket following 19% this morning too cute when he sent it. The social game maker slashed its 2012 outlook for a second time on the performance of its live Internet games. And the write off of its 102. Million dollar acquisition of island pop in March. Investors likely anxious to have worked with the company about its ability to boost earnings. He said they're being more first JPMorgan. Now Credit Suisse in New York attorney general Eric I am in going after his second target. -- exclusively reporting that the Justice Department along with New York's AG. Are investigating Credit -- over mortgage backed securities packaged canceled by the Zurich based bank. The probe comes just days after the civil fraud case brought against JPMorgan Chase over the same -- selling by Bear Stearns. Shares of Credit Suisse closed up over 2% in the last session. That's your boarding call for Friday follow us on Twitter Reuters Insider for the latest headlines and check -- -- YouTube channel at borders dot com slash orders TV. I'm Lisa Bernhard this is Reuters.

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U.S. Morning Call: Global shares up on hopes of U.S. jobs

Thursday, October 04, 2012 - 03:41