Although US markets saw a 0.5% cut yesterday, they ended the first week of the new year in the green. The unemployment data has also been supportive. The unemployment rate has dropped to 8.5%, its lowest level in three years. The non-farm payroll numbers rose higher than street expectations.
In an interview to CNBC-TV18, Seth Freeman, CEO, EM Capital Management talks about how US markets are faring at the start of 2012. Below is an edited transcript of his interview. Watch the accompanying video. Q: How have you read the data that has come out of the US markets so far? Do you think the pessimism has reduced with respect to at least the US markets?
A: The data and the announcements today were quite encouraging. The rate of unemployment claims has gone down and there was a small amount of new job creation. It
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