According to the New York Times, stocks keep rising for the fourth day after the US government giving the signal that there will be more job positions in future. The Dow Jones industrial average picked up 0.5 percent. According to the JOBS REPORT, about 242000 jobs were added in especially the construction and health care companies, and more people are still looking for work. Professionals in the article pointed out that these showed that the saying about the economy sliding is not warranted and we can expect the continuous growth of US employment and economy. Also, the positive job reports increase the climbing prices of metals, oil and the energy stocks.
The expectation of increasing employment and low inflation rate do attract more investment. What's more, as is mentioned in the article, the positive expectation of employment increases people's consume. The entertainment industries like the so called BIG SCREEN industry gets bigger. Overall, the new published jobs report brought positive influence of US economy.
Here's the link: http://www.nytimes.com/aponline/2016/03/04/world/asia/ap-financial-markets.html
What I observe from this article is that the investors are still feel uneasy about the economic recent situation probably due to the market volatility. And I agree with the idea in the article about providing more job positions and lowering interest rates, where will eventually increase consumption and investment of the whole economy. To increase oil prices, I think it is important for oil companies to freeze oil production into inventory.
ReplyDeleteI agree with lizheyin. The stock market has nearly erased the loss earlier this year due to the impact of the oil prices. Oil seems to be hovering around the 33$ per barrel. This is good because it reduces the crazy volatility we have been noticing.
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