WEEKLY COMMENT MM PRIME TFI S.A. - October 6, 2014
Last week’s calendar was rich in both macro data and significant market events. This time it was not the ECB but the data from the American labor market that proved to be the most surprising. The ECB kept interest rates unchanged and announced the details of ABS-s and covered bonds purchase program. Nothing else was revealed that could surprise the markets. Meanwhile, the strong positive surprise came out of the American labor market, where the unemployment rate unexpectedly fell to 5.9%, the lowest level in more than six years.