Analysts, Markets React Positively to U.S. Jobs Report

FOR IMMEDIATE RELEASE
New York, New York, United States of America (Free-Press-Release.com) December 3, 2011 -- Stocks gained across the world markets on Friday and notched their biggest weekly jump in two and a half years, as gains in U.S. employment bolstered investor confidence. Markets registered significant gains after central bank maneuvers earlier in the week reduced funding costs for banks. Indications that European officials are approaching a compromise deal also contributed to the market surge.

U.S. stocks reported their best week since 2009, with the S and P 500 up nearly seven and a half percent on the week. The U.S. government said the economy created 120,000 jobs last month, while the unemployment rate dropped to a two and a half year low of eight and a half percent, considered strong evidence the economic recovery is gaining momentum. This news follows other supportive data on the U.S. economy this week, including a report Thursday that showed U.S. manufacturing activity rose to its highest level in five months.

"What’s obvious now is that U.S. markets can do well, even if the situation in Europe remains unstable. While we are certainly still operating in a world market, the current results verify what a lot of insiders have been saying for some time, now. The domestic market need not tumble if other major countries are going through periods of crisis,” said Peter Scanlon, a senior market analyst at New York’s Global Partners Securities. "Investors and analysts alike see the European problem as a time-sensitive one. Action, and more importantly effective action, has be implemented quickly to avoid disaster. There’s no question that they’re moving in the right direction. Is question is whether they’re doing so quickly enough to avert a melt-down. What’s become clearer of late, though, is that the U.S. markets can do just fine, even in a climate where European markets are in turmoil,” continued Scanlon. “Oil, Gold and U.S. treasury notes, three very different instruments, are all gaining on the positive jobs news out of America, as are industrials and retailers. This has to be seen as positive news for investors, and if the European crisis is successfully averted, that should further strengthen what is looking like an increasingly attractive investment climate.”

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