Spreadex Market Update

US employers add fewer jobs than forecast



Treasuries rose and the markets took a brief turn to the downside after US employers added fewer jobs than forecast for a second month in January. This has added to speculation that global growth is slowing, adding to concerns the Federal Reserve is tapering too early. Despite the brief drop, markets soon recovered and added to pre-data gains, looking to finish the day in positive territory. The US Labour Department have announced payrolls rose only 113,000, falling short of the 185,000 expected whilst the unemployment rate hit a new five-year low of 6.6 percent.

Early figures from Europe showed that German Industrial Production fell in December, weighed by lower output for energy and capital goods. The figure that came in at -0.6% was far lower than the 0.5% expected. UK manufacturing production also missed expectations after it was announced a 0.3% increase compared to the 0.6% expected. The data shows a steady increase in production rather than runaway growth this year.

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.