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technical analysis

Equity markets rose to post new highs on Friday. The Dow Jones index briefly broke the 29,000-mark before pulling back. Despite this, all major equity indices closed positive on the week.

The payrolls report for December was soft. The unemployment rate came in at 3.5%, matching expectations.

However, there were just 145,000 jobs added during the month. Wage growth was also soft, rising 2.9% on the year.

Regional Industrial Production Picks up in Eurozone

Industrial production figures from France and Italy showed signs of life. French industrial production grew 0.3% on the month, while Italy’s production was up 0.1%.

The gains come on the back of Germany’s industrial production rising as well. This could potentially signal that business activity remains resilient to sluggish growth and demand.

EURUSD Closes Flat After a Decline

The currency pair closed flat on Friday following a patch of declines from earlier in the week. While price managed to rebound late into Friday’s close, the euro...

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