Brightbridge Wealth Management Headlines: US economy posts encouraging numbers

Trading in the domestic stock markets was a bit dull last week due to the holidays. The stock markets remained in a narrow range, expecting some concrete directions from the global markets. Currently, there is lot of uncertainty in the European markets, both on the economic and political fronts. The markets are expected to remain volatile with a negative bias in the short term. Analysts suggest individual investors should remain cautious with respect to their short and medium-term positions.

These are some of the significant developments in the markets:

US exports higher

There has been some positive news from the US. The US exports have increased in automobiles, aviation and heavy machinery sectors. This has helped in reducing the overall trade deficit.

On the other hand, the number of lay-offs has come down and new job creation has picked up. This resulted in a reduced number of unemployment claims that touched a 7-month low according to recent data. These are positive data points from the US markets and good for the global markets .

However, it’s a bit early to conclude that the worst is behind us. Analysts are tracking the European markets closely as Europe is a very big market and a recession there still has the potential to pull down the world economy.