By Chris Becker
The risk tone for the next month was set high and positive on Friday night as the latest US jobs report – the non-farm payrolls or NFP – beat expectations and previous prints were revised higher. This was offset by a disappotining manufacturing PMI print but nonetheless, US Treasury yields jumped alongside stocks with Wall Street closing nearly 1% higher across the board to new record highs. Currency and other undollars reacted in kind, with gold and oil leaping higher while the Aussie rebounded alongside. This should make a very positive open here to start the week in Asia this morning.
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