Upbeat US Payrolls Lift Rate Hike Hopes

Upbeat US job data lifted sentiment, with the S&P 500 index trading above its record closing at some points. Wall Street rallied on Friday with S&P 500 closing at 2129.9, up +1.5% while DJIA adding +1.4%. If the July report is able to keep the momentum, the employment growth development would confirm that recession risk is reduced in the US.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/upbeat-us-payrolls-lift-rate-hike-hopes-2016071133263/