Spreadex Market Update
U.S jobs data due for release at 13:30 BST today
Asian shares are trading higher on the back of strength in Europe and signs that the U.S jobs data may prove to be a bullish figure. After European central banks signalled that they will keep interest rates at record lows, sentiment in the region has improved remarkably with the FTSE 100 trading over 3% higher than the week open.
With some forecasting an extra 165,000 jobs added last month, it would seem that today’s U.S jobs data will prove to be another sign that the U.S economy is on the right track towards recovery. Market participants will be wise to err on the side of caution as the data could be interpreted in several ways. Whilst a strong figure could be bullish, it could be seen as a means to further justify the withdrawal of its asset-buying programme.
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