The US Employment Report virtually matched expectations (NFP +211k, Unemployment steady at 5%) and effectively confirms a Fed lift-off in ten days time is a done deal. The report also revealed +35k of upward revisions to September and October while as expected average hourly earnings fell back to 2.3% from 2.5. The Dow gained 2.12%, the S&P climbed 2.05% and NASDAQ was up +2.08%. In contrast, Euro-Zone stocks continued to suffer from ECB disappointment and a stronger Euro, the Eurostoxx 50 – 0.38% and the Dax -0.34%
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