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Bad U.S. Jobs Report Good For Global Markets?

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  • Description

    ETX Capital head of trading Joe Rundle weighs in on the European markets.

  • Duration 1:26
  • Date

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More on the European market we'll go live to -- we're joined now by Joseph Rundle head of trading -- ETX capital.

-- good morning it's a huge mourning for the markets it is Friday but -- there's a huge jobs report out this morning here in the United States.

Looks like some positive movement overseas in European and Asian trading what's going on that.

Yeah I think -- looking head to the US -- reports and what we're saying -- hair is actually a very good number -- being being negative for the market -- Because it would today indicated the central banks and Europe and the US might step away so I think to get this market carry on going higher at.

Perversely we might want to slightly -- number and they'll -- -- shops in the onto the markets.

That's really interesting see you're almost saying that we were to get bad news on the jobs report this morning that would be more of a positive for the for the overall global stock markets.

Yeah I think so -- mean in -- with suddenly being driven.

By the central bank and the Italian and Spanish situation since -- relatively on the control.

Because the ECB is going to be there if there's any really Anthony's say they'll they go outside I think while we continue in this sort of limping along.

I'm sites has quite the markets are gonna drive 5 because the central banks are injecting cash.

The cynicism really sharp recovery I think they might start talking about stepping away and that's negative for the markets -- -- something to watch Joseph -- thank you so much for joining us this morning.

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