The last week ended with fireworks of positive. The S&P 500 index extended its upside to 5.9%, the best weekly result of 2023. U.S. 10-year Treasuries yields fell to 4,48%, a six weeks low, while the U.S. Dollar lost around 1.5%.
U.S. labour market data for October came in weaker than expected. Nonfarm Payrolls were reported at 150,000 missing consensus at 180,000. The unemployment edged up to 3.9% from 3.8% a month ago, beating consensus. Hourly earnings rose only by 0.2% MoM vs 0.3% expected.