Market Review Friday’s session was of course dominated by the Labour market news from the US which came in at a slightly better than expected 175k. Essentially this was a perfect number from a stock market perspective as this economic news is sufficiently strong enough to indicate that underlying economic conditions are still improving but at not quite the rate that would persuade the Fed to begin tapering off QE. Markets were nervous going into the data, given the weak labour market data
Read the original:
Crude oil had the most volatile reaction with initially a $1.5 sell off