by Martin Armstrong
Armstrong Economics
Fridays NFP in the US did not help support the Nikkei despite the DOW’s strong closing rally. We did see a bounce off of the 16k figure but given that the Chinese markets were closed, holding any gains on the day proved just too lonesome. Late news on Friday about oil production continues to haunt the market in the Asian session. However, once trading from the Middle East had drifted into the European session, the price had recovered and along with it – so had equity markets.