Spreadex Market Update

Global markets show optimism



Global markets roared with optimism today as payroll data from the US as well as the unemployment rate smashed analysts’ expectations. The data showed that there was an increase in the number of employed people last month by 236,000 compared to an expected 162,000. Furthermore, the US unemployment rate dropped to 7.7% against an expected 7.9% which really added the icing on the cake for bulls.

The data is particularly good as many analysts argued that despite improvements in the global economy, the disappointing employment rate in the US was burdening optimism in the long-term. Thus, perhaps today’s data is a reminder that the markets are now not solely under-pinned by optimism, but instead there is now a series of good data from the global economy to brighten up the picture for the global economic outlook.

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