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What the US jobs data really means
The US created a further 148 thousand jobs in September, missing estimates. And that, according to Mads Koefoed, Saxo Bank's Head of Macro Strategy, means that the Fed is going to be in no hurry to taper its bond buying programme. Mads expects QE to last well into 2014.
Stock futures rose on the jobs news as did the euro against a weaker dollar. Mads says this is good news for equities in the short term as a better jobs report would have signaled that "tapering" was very much still on track.
01:28 minutes
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