2012-04-10
Market Report – 10 April 2012
- Friday’s US non-farm payrolls well below expectations (120k versus 210k expected)
- US dollar tumbles on jobs numbers as markets looks toward further Fed stimulus
- Aussie dollar continues to hold above major 1.0235/50; local jobs on Thursday key
- Gold sees strong bounce after US jobs numbers with hopes of further stimulus positive for the precious metal
- Dow drops 131 points after poor non-farm numbers; Dow down more than 2.0% in April so far
- Big day for the Aussie: ANZ jobs ads and NAB business confidence at 11.30am, Chinese trade balance (tentative)