The Department of Labour reported last Friday that the Employment data for March indicated companies added 916,000 jobs (versus the 647,000 expectation), while the unemployment rate fell to 6.0%. Yesterday both the S&P and Dow closed at yet another new all-time high with the S&P ending yesterday’s session with a gain of 1.44%. Meanwhile the NASDAQ 100 closed higher by 2.02%. U.S. Equity Markets gained on follow through from Friday’s strong economic data. Economic data out yesterday was also positive. ISM Non-Manufacturing data rose to a record high in March, on strength in new orders, employment, and pricing. There were a few headlines on President Joe Biden’s infrastructure plan. Republican Senator Roy Blunt proposed a $615 billion package, focusing only on physical infrastructure upgrades (roads/bridges/broadband). This comes as Biden’s energy secretary said that the White House was prepared to go over Republicans’ heads and use budget reconciliation to push the bill through. European Markets were closed for the Easter Holidays. There were a few headlines out of the continent. French Finance Minister Bruno Le Maire lowered the country’s economic growth forecast from 6% to 5% due to ongoing coronavirus social-distancing restrictions. Iran said it won’t hold talks with the U.S. later this week about resurrecting the 2015 nuclear accord unless the White House lifts all sanctions introduced by former President Donald Trump. Elsewhere, Oil closed 4.85% lower on demand fears, after India’s crude imports dropped off after a spike in COVID-19 cases. While Gold and Bitcoin closed flat.
To mark my 2275th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on firstname.lastname@example.org for details
For anyone following my Platinum Service it lost 585 points yesterday, on the first trading session for April having ended March with an impressive gain of 3769 points, having made 3286 points in February, 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September and 2383 points in August. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points
I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification