You cannot be happy about creating 150,000 (quality doubtful) jobs in a month while “losing” 350,000 weekly or 1.2 million during the same period.
China’s overnight money-market rate rose for a second day on speculation the central bank will curb the cash supply.
With most of the Fed members still in Bernanke’s corner and the pattern of dip buying this year, many traders may look at this sell-off as an opportunity to buy into this market. What is the most effective way they can do so?
The yen climbed the most in almost three months versus the dollar as risk appetite shrank, with Japanese stocks tumbling after a technical signal that they had gained too much, too fast.