Greece has Herpes, Europe is Infected, and US May Need a Doctor Too
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With all the talk of flare-ups in the EU, traders and investors have no love whatsoever for European equities, as markets there continue to suffer. Manufacturing data across Europe was decidedly weak on Friday and unemployment across the entire region is very high.
The latest employment data out of U.S. on Friday showed that the U.S. economy added 69k jobs, well below the consensus of 150k. Markets are reacting strongly to the negative data, with the DOW futures down 200 points, and yields on the U.S. 10-year treasuries collapsed to record lows below 1.5 percent, as investors scramble for safety.
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The latest employment data out of U.S. on Friday showed that the U.S. economy added 69k jobs, well below the consensus of 150k. Markets are reacting strongly to the negative data, with the DOW futures down 200 points, and yields on the U.S. 10-year treasuries collapsed to record lows below 1.5 percent, as investors scramble for safety.
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