Key events this week: How will the Fed react to bumper US jobs report?

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Although several major markets are still closed today due to the Easter weekend (Australia, UK, Europe, Hong Kong), the markets that are open are offering their reaction to this past Friday’s bumper US non-farm payrolls report. The US economy added 916,000 jobs in March, which far exceeded economists’ expectations for 660,000. The US unemployment rate has now dropped to 6%, compared to 6.2% in the month prior.

This stellar piece of economic data justifies investors’ optimism surrounding the US economic recovery, which is set to further encourage the reflation trade.

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