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Europe, Asia, Jobs, And The Markets Start Higher

This morning, the U.S. Labor Department released the non-farm payroll report for the month of November. The report stated that the U.S. Economy added 120,000 jobs and the overall unemployment rate dropped to 8.6 percent. It is always unclear as to how the Labor Department can come up with these numbers, therefore, we must simply take them with a grain of salt. Either way, the S&P 500 Index e-mini futures are trading higher by 13.00 points to 1256.50 per contract. It is important to note that the S&P 500 futures were higher ahead of the job report. Earlier today, Spanish and Italian bond yields declined and that is certainly helping the major stock indexes this morning.   ...Continue reading here