Markets mostly rose on Friday.
The S&P 500 rose 0.9 percent to a record high and the STOXX Europe 600 rose 0.6 percent. However, the Nikkei 225 fell 0.2 percent.
Investors shrugged off a report on Friday that showed that the US economy added 245,000 jobs in November, well below expectations.
Charlie Ripley, senior investment strategist at Allianz Investment Management, said that the report “is beckoning lawmakers to act on additional fiscal stimulus measures”.
Indeed, president-elect Joe Biden described the employment report as “grim”.
“If we don’t act now, the future will be very bleak,” he said.
No comments:
Post a Comment