News Headline Summary

US EQUITY WRAP: Non farms drive equities lower before seeing strength in the second half of the session

US equities finished in positive territory after rebounding from the lows after strong non-farm payrolls data gave credence to near term fed tapering fears and drove equities lower. As yesterday was the Independence Day holiday the US participants had their first opportunity to respond to dovish statements from both the BoE and ECB, this meant a continuation of the USD strength seen yesterday which weighed on equities pre NFP. As the session slowed down, equities managed to pull away from the lows as market participants questioned if 195K was enough to justify tapering in the near term.

05 Jul 2013 - 14:59 - Equities Data - Source: Newswires

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