Market Comment | Increasingly divergent monetary policies drove markets this week

Very positive payroll data in the US. US non-farm payrolls rose in October, beating expectations (by 134K to 271K; consensus: 180K), while private non-farm payrolls also increased more than expected (by 119K to 268K; consensus: 165K). In addition, the unemployment rate dropped slightly, against estimations of remaining unchanged, by 0.1% to 5.0% (consensus: 5.1%). Disappointing industrial […]

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