Spreadex Market Update
Global equity markets fluctuate between gains and losses
Global equity markets fluctuate between gains and losses as investors analysed the latest round of jobless data. The monthly non-farm employment change showed fewer Americans went through the US payroll system than expected. The weaker-than-estimated jobs growth initially turned markets positive as investors viewed the poor figure could cause resistance against a decision from the Federal Reserve to raise interest rates.
Nonfarm payrolls increased 142,000 last month, the Labour Department said on Friday. The unemployment rate fell one-tenth of a percentage point to 6.1 percent as people dropped out of the labour force. On the back of the news, the dollar weakened against the majority of major peers.
Gains within Europe were also capped as investors threated that the latest European Central Bank stimulus measures aren’t enough to spur an economic recovery.
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