Nik's Diary The Indian shares opened higher tracking strong cues from SGX Nifty and most of the Asian indices as the U.S. jobs report signaled the Federal Reserve is unlikely to reduce its asset purchases anytime soon.The US markets moved sharply higher over the course of the trading day on Friday, as traders reacted positively to the highly anticipated monthly jobs report. The rally on Wall Street came following the release of a report from the Labor Department showing that employment increased by a little more than economists had anticipated in the month of May. While the job growth is a positive sign for the economy, the uptick by the unemployment rate was seen as a sign that the Federal Reserve will maintain its asset purchase program at the current pace. The European markets ended Friday's session firmly in the green. The driving force behind the gains was the better than expected U.S. jobs report for May. The jobs report overshadowed the announcement that the Bundes...
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