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European Market Reaction to Jobs Report

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  • Description

    Rabobank senior currency strategist Jane Foley weighs in on the European markets.

  • Duration 2:17
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Nicole thank you so much well -- are markets are pointing to a higher open on Wall Street let's look wet wet what's happening over in Europe.

-- legal not live now to London we're joined by Jane Foley senior currency strategist.

Over there I've -- Banc good morning Jane what's the reaction you know remarks -- this positive act economic report here.

-- -- seen at the dollar rally because we'll see yields in the US have reactions to the reports and doesn't -- that was.

Got some support from the back of that -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And he's in some steam against the US on habitat ultimately of course this is good news is -- That rally in risk appetite to access the defendant in the hopes that the US is seen some at that the signs of economic recovery.

Yeah conceding that lets see there in London is actually the laggard compared to the other European and -- benchmarks the cac.

In France up more than 1% at the Dax there in Germany up eight tenths of a percent -- really green arrows across the board.

You talked about the green back it's skyrocketed on this report.

How do you let it affect it expect that the impact trade.

But it could say it -- does -- What the reaction of the Fed did not of course the next step pedal is that -- -- -- to 28 and the market will be examining that very carefully at the sheets so are any signs that the Fed is.

-- going to pull back office open ended QE policy act sooner rather than they cannot close up but -- think.

Very consent to back test -- labor market about the levels of long term unemployed.

Except to say at this that he is good news but of course that we talked about the fiscal -- -- -- This wouldn't have impacted this jump to quote the consistent support was the February the fiscal sequester personal coming -- -- So much the facts and you impact of this -- at.

So sweeping property felt for the next step six months -- Bernanke warned that we closer look at at that the fiscal at measures of fiscal contractually -- in the US system right now.

It could cost 750000.

Jobs that -- ninety still gonna be concerned about headwinds the labor market.

And we will be needs trying gauge exactly by the Fed at six states with today's and employment report that's right Jane -- -- -- of fed has been watching for six point 5% on a -- were still far cry from that.

Thanks for joining us from London Jane --

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