Friday Morning Recap: Payrolls Report Causes Futures to Spike – Morning Notes

– Muted action ahead of Non Farm Payrolls number, as expected
– Nikkei reopened today after being closed for Golden Week holiday
– Hence, Japan was in catch up mode, closing down 1.5%
– Weakness across other major Asian indices as well: Hang Seng closed down 40bps while Shanghai closed down 30bps
– European bourses trading up small except the FTSE
– Crude oil has seen a bit of volatility in the overnight
– It has been a volatile week for commodities to say the least
– Silver has seen a nearly 35% correction over the course of a week, oil saw its worst decline in years (closed down 10% yesterday), gold weak as well


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