US Unemployment drops to 7.7%, Lowest Since 2008 #economics
US non-farm payroll for February came in well above expectations with job growth of 236K vs. consensus estimate of a gain of 160K. Unemployment rate at 7.7% lowest since 2008.
Economics
Dow Jones Rallies 2.5% in 5-Day Streak As All Eyes on US Non Farm Payrolls Tomorrow Morning, Gold $GLD Could Be The Winner
US stock markets traded sideways rising approx 0.2% as investors await the US Non Farm Payroll (aka employment) numbers tomorrow morning at 8:30am EST. Expectations are for an increase of 165k jobs and anything considerably lower could be the catalyst to tame this rising market which has seen the Dow Jones Industrial Average move up …
Asian Markets Bounce Back, Europe Moves Higher
Asian stock markets move up sharply after the relatively stable performance in the US markets yesterday. China +2.3%, India +1.3%, Japan +0.3%, and Hong Kong +0.1%. European shares also follow suit with London up 1.0%, Paris +1.5%, and Frankfurt +1.4%. EU composite output PMI continues to trend lower with reading of 47.9 vs 48.6 in …
Pound Stirling Takes a Dive Down -1% $FXB #currency
British pound Stirling fell by almost 1% against the US dollar as manufacturing contracted much more then anticipated with U.K.’s February PMI coming well below expectations at 47.9. Economists were expecting 51!
Asian Markets Mixed, European Markets Sell-off on Poor Unemployment, PMI Numbers
EU unemployment hit new records in January, increasing to 11.9% from 11.8% with number of jobless people in EU standing at under 19M. Eurozone February Manufacturing PMI came in unchanged from January at 47.9. European stocks falling approximately 1% across the board with Paris down 1.4% Closing numbers for the Asian markets: Japan +0.4% Hong …
Asian Markets Mixed, European Markets Sell-off on Poor Unemployment, PMI Numbers Read More »