You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

10 Feb 2020 (AFR) – Strong US jobs number overshadowed by coronavirus fears

(10 February 2020, AFR, p20, William McInnes, Reporter)

‘Markets in the US shrugged off a stellar jobs number on Friday, amid continuing concerns about the global economic cost of the coronavirus outbreak.  On Friday, the S&P 500 Index fell 18.1 points, or 0.5 per cent, to 3327.71 while the yield on the US 10-year Treasury note slid 6 basis points to 1.585 per cent, suggesting the outlook for the economy had weakened. “January’s employment report has unusually taken a back seat in markets today, as the coronavirus outbreak still dominates the headlines,” Capital Economics assistant economist Oliver Allen said.’

Read more at (might need AFR login access)

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of tools to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: