020 7898 0500When the opening bell rang, Wall Street opened higher in what proved to be a Halloween rally. The Dow Jones industrial average leapt by 251 points which followed on from
Tuesday’s 400-point jump. Facebook shares jumped by 5% as the recent results from the social network behemoth pleased investors.
Employment changes figures showed that private businesses in the US hired 227,000 workers in October, compared with a downwardly revised 218,000 in September and above market
expectations of 189,000. It is the highest reading in eight months and yet further evidence that the US economy is performing extremely well of late.
Today we will see initial jobless claims up to 27 October, as well as the manufacturing purchasing managers’ index figures for October.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on
020 7898 0541.
