Ashraf Laidi on CNBC Arabia about NFP & QE3, Mar 7, 2012

Mar 7, 2012 14:01
Ashraf previews ECB meeting & Friday's US jobs report on CNBC Arabia. He states the recent improvement in US labour markets may further reduce the case for further asset purchases from the Fed, which may lead to ongoing market correction. With Feb ADP coming in above 200K, chances for +200K NFP become elevated. Thus, a robust report on Friday may trigger a positive knee-jerk reaction in equities and energy market before a possible turnaround later in the US session.

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