trading

trading

Friday 6 December 2019

Stocks ending week with power following roller-coaster ride.

"The government jobs report was nothing short of spectacular for stock investors, pointing to a textbook 'goldilocks economy' with solid growth and low inflation. Non-farm payrolls increased by 266,000 in November, well above the consensus estimate of 181,000 and last month's revised reading of 156,000. The positive revision in itself is a huge plus for bulls, and the fact that wage growth was a tad lower-than-expected confirms the muted inflationary pressures. The unemployment rate unexpectedly declined to 3.5% as well, matching the measure's recent multi-decade low, thanks to the healthy trends in the labour market."

No comments:

Post a Comment