Markets swing from 'risk off' to 'risk on' on mixed economic signals
Global equity markets posted their biggest losses this year after a key US employment report for March showed the economy created 120,000 new jobs.
Global equity markets posted their biggest losses this year after a key US employment report for March showed the economy created 120,000 new jobs, the smallest number since October last year.
Expectations had been for an outcome close to 200,000 after strong gains earlier in the year. The sharp slowdown in employment activity reinforces Fed Chairman Ben Bernanke's cautious stance on the rate of employment growth and leaves the door open for further quantitative easing later...
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