WEEKLY MARKET DIGEST: ECB HOLDS ITS FIRE AHEAD OF FRENCH WILD CARD
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
TAKE JOBS REPORT WITH A GRAIN OF SALT
May 4, 2012
The U.S. Department of Labor reports that unemployment rate fell to 8.1% vs 8.2% consensus.
Non-farm payrolls increased by 115k vs 162k consensus. The whisper number was about 120k. In any case this is a negative number.
On the positive side March non-farm payrolls were revised to 154k from 120k.
The rest of the data in the report is also mixed. There is ammunition in the report for both bulls and bears.… Please click here or the title below to read more.
May 5, 2012