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08Jan2016 Pre-Market Commentary: NFP Reports Better Than Expected, Push Futures Over One Percent Gain, Crude Remains At Twelve Year Lows And U.S. Dollar Jumps Higher
Friday, January 8, 2016 7:26
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Written by Gary
US stock future indexes are up almost one percentage point this morning reversing past three sessions of decline, however it appears to be a function of markets just being oversold. NFP came in almost 100 K higher than expected and the UR remains at 5.0% pushing futures up and over the one percent mark. Oil prices (high 33′s) plus China’s woes still rule the roost and sudden reversals can be expected on rumors.
Source: http://econintersect.com/pages/market/market.php?post=201601080748
