US markets finished the week higher after the latest September jobs report showed the US economy added a staggering 336k jobs in September, while Augu
st was revised up to 227k, pushing long-term yields sharply higher, and the US-10 year and 30-year yield hitting fresh 16-year highs. Having spent most of the last few weeks fretting about the prospect of another rate hike and higher rates for longer the thinking now appears to be that a resilient economy and jobs market could mean that companies will be able to deliver better revenues and earnings growth, even with yields at current levels.
0is expected to open unchanged at 7,494. DAXis expected to open 71 points lower at 15,158. CAC40is expected to open 24 points lower at 7,036.
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