Private sector job growth severely beat estimates, sending the dollar higher against its international counterparts as the stronger the economy is (with job growth being a leading indicator), the more likely the US Federal Reserve is to continue raising the federal funds interest rate.
European stocks saw a rise on Monday, led by gains in telecom and financial corporations despite Unilever having its worst day in 13 years after Kraft Heinz walked away from its takeover attempt.
Amid political risk in Europe and the rest of the global landscape, US treasuries yields hit their lowest level in several weeks and gold hit a three-month peak as investors wait for political risk to evaporate.
© Dynamic Capital
