Geopolitical Fears Outweigh Strong Jobs Report

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A sharp rally on Friday following a stronger-than-expected jobs report wasn’t enough to save equity markets from another negative week; weakness in Europe, fears about the spread of Ebola and the emergence of Hong Kong as a new geopolitical hotspot weighed heavily. Yield on the benchmark ten-year U.S. Treasury bond fell about 10 basis points on the week to finish around 2.44%. After soaring more than 35% in September, the CBOE Volatility Index fell sharply to begin October. The price of gold fell to a four-year low, while crude oil also declined to multi-year lows.

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