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Global markets: US employment rate gains

By Commodity News Service Canada

WINNIPEG, April 1 – The following is a glance at the news moving markets globally.

US EMPLOYMENT UP IN MARCH
Employment in the US increased in March, according to reports on Friday.

Nonfarm payrolls increased by 215,000 last month and average hourly earnings increased by seven cents.

However, data for January and February was revised downward by 1,000 jobs.

SAUDI ARABIA WON’T CURB OUTPUT UNLESS OTHER PRODUCERS ON BOARD
Crude oil futures dropped in early activity on Friday, as Saudi Arabian officials say they will only freeze production if other producers, like Iran, agree as well.

FACTORY INDICATORS SHOW PICKUP IN CHINESE MANUFACTURING
Two gauges of factory output show Chinese manufacturing is seeing an upward bump.

The country’s official manufacturing purchasing managers index increased to 50.2 in March from 49 in February, which is the first time in eight months that figure has been above 50.

A private index pegged manufacturing at 49.7 in March from 48 in February.

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