Wednesday 17 March 2010

UK Labor Market Recovery?

Equities: Stocks continue to rally, finishing up for the 7th odd day in a row. Stocks seem on a permanent high, with nothing in the way to push it down. Hoping we are in for some kind of correction on the horizon, but now way to really predict the timing of this.

Currencies: Pound once again rose, on good UK jobs data showing unemployment fell. However the true picture was masked by the fact that many workers have dropped out of the labor force, and the actual number of people employed has fallen. This is a case of workers becoming discouraged and leaving the job market. Euro and Yen both held pretty flat against the Dollar today.

Commodities: Oil continues its upward trajectory, similar to stocks, nothing seems to be in its way. Gold was pretty flat today.

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