Saturday, 10 March 2018

Markets rise after US employment report

Markets rose on Friday.

The S&P 500 surged 1.7 percent, the STOXX Europe 600 rose 0.4 percent and the Nikkei 225 rose 0.5 percent.

Investor sentiment was boosted by a report showing that US employment rose 313,000 in February.

“If you had tried to concoct an event that would be good news for the economy and good for the markets, you would come up with the kind of jobs report that we got today: solid headline number with only moderate wage growth,” said Kristina Hooper, chief global market strategist at Invesco.

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