US data with much of Asia in holiday mode, attention focused on the discouraging U.S. employment figures for January released on Friday. U.S. employers added 151,000 jobs last month, a sharp deceleration from recent months as companies shed education, transportation and temporary workers. The employment report lends weight to the case for the Federal Reserve … More Global brief . .
The yellow metal is trading near three-month highs and has been above $1,100 per troy ounce for the last week and a half as global equity markets try to find their footing. Gold is generally thought to move in the opposite direction of the U.S. dollar and interest rates. It was little changed … More All gold everything . . ?!
European stocks fell for a sixth day, credit markets weakened and German bonds advanced. Crude erased gains while currencies of commodity-producing countries and Gulf shares rose. Equities in Europe headed for the longest losing streak since June and U.S. stock-index futures erased gains. The cost of insuring European banks’ and insurers’ senior debt rose … More European markets weakened , as German bonds rise . .