Market insights

Non Farms Causes The Expected Stir

The US added 142,000 jobs reported on Friday against the expected 160,000 predicted.

This caused the expected volatility in both the FX and the stock markets.

Global stock markets are trying to stage a rally, but it could be a dead cat bounce.

Pound rates jumped around during Friday trading, but seem to have settled down for now.

Eyes are again on the Southern hemisphere as Sterling has improved against both the Australian and New Zealand Dollar.

With little news today, things should remain as they are until the early hours and breakfast tomorrow.

China is set to release their import and export data, but it's the UKs unemployment rate that will likely make the headlines.

For the latter it's expected that the unemployment rate will drop to 4.1%.

Business news covers the upcoming vote on the Winter fuel allowance scheduled for tomorrow. Critics are clamouring to be heard as millions of pensioners are set to be affected.

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Economic calendar

CHN: Tuesday 04:00 Import and Export Data

UK: Tuesday 07:00 Unemployment Rate

As ever we look forward to keeping you in the loop and look out for our next update.

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