Markets rose on Friday.
The S&P 500 rose 0.5 percent, the STOXX Europe 600 rose 0.1 percent and the Nikkei 225 rose 0.4 percent.
US stocks in particular were boosted by a report that showed that the economy gained a better-than-expected 196,000 jobs in March.
Michael Arone, chief investment strategist at State Street Global Advisors, noted that while job growth was better than expected, wage gains showed some moderation. “Investors are relieved that the labor market continues to signal strength without too much wage inflation,” he said.
Charlie Ripley, senior market strategist at Allianz Investment Management, said that “today’s report suggests a recession is not on the immediate horizon”.
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