Global markets were marginally higher on Friday as a tepid US jobs report kept expectations muted for another interest rate hike this year, but were still strong enough not to cause concerns about growth. US job growth slowed more than expected in August after two straight months of hefty increases as the Labour Department said 156,000 jobs were added last month, while economists had forecast an increase of 180,000.
Stock markets, in particularly the US market have been extremely calm this year. The US market (measured by the S&P 500 index) has not deviated from a technical level known as the 50-day moving average for 17 straight days, tying the longest streak since 1995. It appears that in August there was nothing new to drive the market upwards, but also no vivid reason to sell, leaving many investors looking for a catalyst to act....
