Markets

Global Markets Overview – 3-7-13

Wednesday night it is was US non-manufacturing PMI that pushed the Dow to all-time highs and the S&P near its all-time high; last night, however it is was non-farm payrolls shooting the lights out.

US employers added 198,000 workers in the shortest month of the year, well and truly topping forecasts of 170,000. This helped both indices to push higher. What hasn't been fully factored into current market values is the beige book which was released an hour ago. The results are 'goldilocks-like' - expansion is continuing and inflation is almost non-existent. Mr Bernanke will be smiling all the way to bank.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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