US Jobs data pleases markets

Any sign that the US recovery is steaming ahead is good news to the markets, equities especially and the announcement yesterday that less people are applying for unemployment benefits in the US will underpin this year's gains.

This is of course US election year.

With Greece looking to sign off the austerity measures necessary to receive the bailout package from the EU next week, there is less of a feeling that the cliff edge is nearbye and that the Eurozone debt crisis will lead markets over it. 

Less risky to consider share buying but not yet a long term investment environment.