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Message subject : US jobs
This message was posted by Avi on April 08, 2000 :
The US jobs report, which had the potential to cause another shakeout, came in at close to the market-anticipated figure. Unemployment remains at 4.1% and inflation effects are negligible.
But the falling $A and weaker metal prices means that we have our own set of problems to work on.
US bond rate continues to fall, long bond now at 5.71%, so it is very hard to make a case for any major Dow crash, although the tech bubble is another story.
The gap continues to widen between the US and Australia..
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