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American equity markets edge higher on upbeat US data

The US Stock market experienced a positive opening Friday after upbeat data in the United States. Earlier in the US, the highly anticipated Nonfarm Payrolls (February) came in at 236K, against projections of 160K and compared with 157K previously. Unemployment Rate (February) has also steadied at 7.7%, which beat expectations of 7.9%.

Beginning with the indices and composites, the NASDAQ rose +0.34% as it settles in region of 3243.09, up +10.96 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1548.72, ascending +4.74 points or +0.31% at the time of writing. Finally, the Dow Jones has moved higher at the opening, trading in the zone of 14382.71, presently +0.37% after a movement of +53.12 points.

Sectors are all green currently, however the Capital Goods and Transportation sectors have distinguished themselves as main winners thus far, jumping +0.76% and +0.72% respectively. In other news, the price of crude has settled below USD $91.43/bbl Friday.

Forex: USD/CHF rallies on US jobs report

The greenback exploded on the much better than expected US nonfarm payrolls, adding 236K jobs in February instead of the 160K consensus. January data, however, was revised lower from 159K to 116K. Dollar strength took the USD/CHF more than 100 pips higher, surpassing the November high of 0.9513, as it has printed a fresh one at 0.9548 and gets closer to the 0.9600 mark.
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