Stocks maintain gains post employment numbers $AXP:xnys

  • US equity markets finished unchanged on Friday finishing the week with the S&P500 posting a 7.4% gain, its largest weekly rally since March 2009
  • JP Morgan Chase and Co and Caterpillar finished the week with gains in excess of 11%
  • US employment numbers grew by 120K for the month which saw a fall in the unemployment rate to a two and a half year low of 8.6%
  • The VIX Index fell 20% to 27.52 its lowest level in a month
  • The front month crude oil contract managed to finish the week above $USD 100.00 per barrel whilst gold managed to hang to its gains and close the week just below USD 1750 per ounce
  • The USD recovered some ground post the employment numbers to finish at 1.3415 against the Euro and is currently trading at 1.0240 against the Australian Dollar
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