International News (Issue 439) – 10 March 2017
As we remarked earlier, the key focus in international markets this week will be tonight’s release of the U.S employment report for February.
The indication we get from an earlier jobs report is that we should again see 200,000+ new jobs created during the month, putting the Federal Reserve firmly on a course for monetary tightening next week.
In Europe too there was broader economic optimism this week with the ECB Governor Mario Draghi commenting that economic risks in the euro-ozone were beginning to recede.
To round out the week on an optimistic note, China too had encouraging economic data on its foreign exchange reserves, breaking the run of 8-months of declines.
|U.S. S&P 500||2365||-17||-0.7%|
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