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Strong US Jobs Data, NFP Beats Forecast, Bulls Knock Out the Bears to Hold Control , Dow Jumps +280 points

Dec 6, 2019 (15:19)

by John Knobel

Today's NFP is a Game Changer...

US Non-Farm Payrolls Jump to 266,000 Beating the 128,000 Forecast

Growth Seen in US Employee Earnings

The Bulls knock the Bears out... Bulls remain in control...risk back on as Global stock indices look set to challenge and break above recent all time highs ?

Bottom Line: Strong US Jobs Data + Growth in US Wages = improved prospects that future consumer spending will continue to be strong. Strong consumer spending tends to lead to higher corporate earnings, thereby boosting current stock market prices to move higher as investors rush to price in the new facts.

Source: FXGM Investment Research Department / Bloomberg

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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