Economists are expecting employment numbers to gain again in January, after 200,000 jobs were added to the U.S. economy in December, according to a Bloomberg survey. Analysts on average expected 140,000 jobs to be added to the economy, despite disappointing consumer spending in recent months. However, increased employment in manufacturing is expected as international [...]
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Strong Jobs Data Propels U.S. Rally
(eToro Blog) US equities continued to assist Openbook traders with long US equity index positions. Last week’s highlighted trader Petra09 continued to ride the momentum, notching up a 25% increase on one of his positions in the Dow Industrial index. His 3-month track record of solid performance in the Index space includes an 88.8% return [...]
OpenBook Traders Gain on Wall Street Rally
(eToro Blog) Wall Street rallied on the U.S. Non Farm Payrolls report which showed that 243K jobs were created in the month of January. The unemployment rate dropped to lowest level in 3 years at 8.3%. The data beat analyst expectations and boosted U.S. Dollar bulls and stock markets. The December data was also revised [...]
