Overnight roundup courtesy of Spreadex

0 mins. to read

European equity markets have opened unchanged following Friday’s non-farm number, a number that did as much to support QE as it did to disappoint the labour market recovery hopefuls. Some commentators described a slide in employment, but in reality the labour market is still improving at a steady pace.

Asian markets contracted in the early hours of the morning on the news, moving marginally lower. The MSCI Asia was down 0.8%, led lower by the jobs number and a stronger yen.

The outlook for equities remains stable at present, allowing investors to add risk should their appetite permit. With interest rates looking to stay where they are and with inflation steady at around 2%, the market could be allowed to expand further. But as usual, all eyes on money supply.

Comments (0)

Comments are closed.