Spreadex Market Update
Global headline shares trade positively
The market-moving US non-farm figures came in at 146,000 but economists were only expecting 89,000 in the change with the number of employed.
In addition, bulls were given another reason to wrestle control back from the bears today as data showed the unemployment rate from the US dropped from 7.9% to 7.7%.
Nevertheless, since Germany earlier today reported their industrial output figures for October, which was the worst monthly output figures since February, investors are still remaining apprehensive and not allowing themselves to get too carried away with the positive data from the US.
It seems investors are also cautious about taking on too much risk ahead of the weekend as the markets have still not heard much news on US policy official’s progress regarding the fiscal cliff.
News reports have been circulating that a solution to avoiding the cliff could be made public next week.
However, since this has yet to be officially announced by policy makers, investors continue to remain in the dark about the future of the US economy.
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