Markets staged a major rally on Friday after the US jobs report came in way better than expected.
And that rally is continuing today. Playing catch-up, Japan gained 2.29%.
Italy is up 0.5%. Germany is up 0.3%. And US futures are up modestly.
This week is going to be much quieter than last week in terms of economic data, although there will be a Fed decision later this week where they might “taper.”
The NYT’s Binyamin Appelbaum reported yesterday that the Fed was probably still leaning towards an early 2014 taper.
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