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US Futures Jump on Strong February Jobs Data

US Futures jump on strong February jobs data.  February non-farm payrolls jumped 313k, not including a 54k higher revision for December and January combined.  The market likes this data as the participation rate is rising and the unemployment rate has remained unchanged.  Additionally, the small increase in average hourly earnings eased inflation fears. In political news, President Trump agreed to meet with North Korean leader Kim Jong Un in coming weeks to discuss their nuclear program.  European shares are higher, rising after US economic data.  Asian shares closed higher across the board.  The Bank of Japan kept monetary policy unchanged as expected.

 

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