Excerpt from: GFT Analysts in the News
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| September 04, 2009 | | GFT's David Morrison speaks on the implications of the US Non-Farm Report. | David Morrison, market strategist at GFT, looked further ahead: “The
non-farm payrolls report could well define sentiment as we head into
the autumn.
“Whatever analysts may say about China and other
emerging markets, we won’t see a proper global recovery until US
consumer demand picks up, and that can’t happen while the US continues
to haemorrhage jobs. So we remain fixated on non-farm payrolls, and
it’s quite right that we should be, especially given the fact that the
FTSE 100 is so heavily weighted towards multinationals and dollar
earners.”
Read the full article.
| Topic Tags: David Morrison, GFT, Non-Farm | |
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