The March jobs report was released with a shockingly low nonfarm payrolls gain of only 98,000 against an expected raise of 175,000. The headline number was accompanied by a more reassuring unemployment rate which reached the lowest point in a decade at a level labor force participation. This is expected to leave the interest rate path in place.
Standard and Poor’s downgraded South African debt this week to below investment grade or junk. The currency felt as much as a 4% decline in a matter of days.
Oil futures spiked in prices by roughly 2.5% following the new administrations announcement of military strikes in Syria. Roughly 60 missiles were launched at an Assad air base.
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