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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 AFR.com (might need AFR login access)

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