What do US employment data tell us? Here are the two (opposite) readings of the stock exchanges

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S.and it is true that the first reaction is what counts, then the long-awaited data on the US labor market are liked by the market. Because the stock exchanges were already positive before (thanks to China), but after the publication of those data they literally started running: the European ones have come to earn up to about 3% (like Milan and Frankfurt) and the American ones around 1.5%. On the other hand, yields on US government bonds fell, with two-year ones (the most sensitive to …