1. A stronger-than-expected jobs report last Friday reassured stock traders worried about an economic slowdown and a drop in corporate profits. 2. This reassured traders that the U.S. will not resort to calling for a weaker dollar to prevent a widening in the U.S. trade deficit. 3. Government reports that depicted modest growth in the housing industry and sluggish activity in manufacturing reassured bond traders. 4. The central banks likely acted to reassure currency traders. 5. The report reassured traders that the economy is growing at a moderate pace and that inflation is under control. 6. The statistics reassured traders that economic growth was moderate and inflation is under control, ruling out for now the chance of a new hike in key interest rates. 7. Traders also were reassured by news that hourly wages were unchanged in October, evidence that salaries are not likely to rise despite the relatively low unemployment rate. 8. Traders were reassured by a study that predicted a gradual decline in Russian production in the years to come. 9. While economic figures have reassured traders, most are still expecting interest rates to rise, said Ed La Varnway, an analyst with First Albany. |