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U.S. Futures Rise on Strong Jobs Data #JobsReport #Inflation #Unemployment

U.S. Futures rise on strong jobs data. The latest employment report showed that the economy added 196k jobs in March, with February’s weak jobs number getting revised higher by 13k. On the inflation front, average hourly earnings rose slightly less than expected. The unemployment rate remained unchanged in March at 3.8%. The employment numbers are being cheered by markets as it should keep the Fed on hold for now. European shares are rising after U.S. data with basic material stocks leading. British PM Theresa May has asked the EU for a Brexit deadline extension until June 30th so they can try to come to an exit agreement with opposition leaders. Asian shares closed mostly higher, however, Chinese markets were closed on holiday. Data out of Japan showed that household spending rose less than expected in February, rising 1.7%

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