Rob Carnell, analyst at ING Bank noted the strong performances of the US jobs market.
Key Quotes:
"Bond markets for once have a reason to sell off, and this should provide further support for our strong dollar call. Equities may regard this result with mixed feelings."
"Yes, it is encouraging that employment is recovering and that wages growth will provide some spending power to the population. But as it will likely cement expectations for the Fed to start to pull back from their extraordinarily easy monetary stance, that will not be welcome."
Key Quotes:
"Bond markets for once have a reason to sell off, and this should provide further support for our strong dollar call. Equities may regard this result with mixed feelings."
"Yes, it is encouraging that employment is recovering and that wages growth will provide some spending power to the population. But as it will likely cement expectations for the Fed to start to pull back from their extraordinarily easy monetary stance, that will not be welcome."
