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IG market analyst Chris Beauchamp on European market concerns over the U.S. economy and sequester cuts.
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At a lot of the markets both here and abroad are.
-- going to be watching for other big jobs report here at home this morning to take a look at European and Asian markets this morning we are seeing a lot of green arrows across the screen -- the -- and the -- All up over in Europe the Asian markets actually getting a nice boost this morning on the heels of some strong export data out of China.
-- -- some green arrows over there as well and Dow futures S&P NASDAQ futures all here at home.
Pointing to a higher open on Wall Street had of that jobs report this morning again and -- Oil gold also up as well also for more on those gains over near -- go live to London where we're joined by Chris -- market analyst for IG.
Chris and good morning how much are investors there waiting for the jobs numbers here comes out about two and a half hours from now.
Well good morning yes -- -- -- nonfarm payroll is that the key defense of the day.
And it's been a week or you couple weeks of very good US status -- underlying strength while the S economy and we're hoping.
But today's Imus can put the seal on that -- Any concerns at all about the sequester cuts that went into effect.
Roughly a one week ago.
We have had one day after another -- -- records on our Dow Jones Industrial Average.
So there is men had no concern whatsoever for the most part by investors here.
What about over there I know that -- been some major comments that spending cuts and tax increases in this country will slow growth dramatically in the months to come.
There has been a bit about -- reaction if any rational -- sequester cuts.
Come on C wary following the US is -- and it comes to increases in markets at the moment.
But it does -- the world continues to turn on the subcommittee -- -- it's not just the envelope does come with us cuts -- and he -- -- -- sorting -- -- if not the most ideal way.
Chris good steak with a thank you so much had a fantastic weekend -- job market analyst for -- thank thank --
