November 2, 2012
- in Uncategorized by schooloftrade
Non Farm Payrolls ahead of Election Week in the US
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The James’ Report: Day Trading Strategies for Professional Traders
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News from Europe & Asia for US Morning Session:
– US jobs data eyed for potential impact on the outcome of the US Presidential election Tuesday [Dont forget to Vote]
– Green spouts aid growing optimism over the global economy
– European Manufacturing PMIs confirm bounce from 3+ year lows
– Green spouts aid growing optimism over the global economy
– European Manufacturing PMIs confirm bounce from 3+ year lows
– European equity indices are trading mixed ahead of the release of the monthly US payrolls data. Most of the final European manufacturing PMI figures were slightly above expectations, although the indices continued to show contraction. Spain’s Oct manufacturing PMI was weaker than expected, as the figure hit the lowest level since July.
– In the UK, PMI data for the construction sector, which has been a drag on the economy, showed expansion for the first time since July. European banks are mostly lower and under-performers include Deutsche Bank. Resource related companies are mixed, amid the declines being seen in commodity prices.
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