Positive US NonFarm Payroll data comforts Dow


Fridays better than expected US NonFarm Payrolls, a key piece of economic data that showed the US Economy created 313,000 jobs during February, and a further upward revision of 39,000 to the January number gave a helping hand US Stock Market Indices, but warning signs remain. Overall, the market still appears to be struggling to recover the value lost in the early days of last month, and prudence is dictating that Bulls should be cautious about adding value at these levels in anything but defensive Stocks.

It is noted that while European bourses take their cues from and Dow decline, the confidence to follow the US on any rally looks less than convincing.

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