The Non-farms Payrolls for September came in at -159k against forecast -100k. Stocks rallied briefly on the back of the bailout which went through, this is however to many people a short term fix.
The Euro remained weak against the US $ which was mainly due to banking problems in Europe. Major Banks like Fortis, Hypo and Dexia required an immediate injection of funding. Sales in August came in+0.3% against 0.1% expected, this was better than expected. The Euro traded against the US $ low at 1.3702 and high of 1.3905 closing 1.3780 at the end of New York session.
The Sterling remained strong against the Euro compared to recent times. The Services sector in September came in at 46 against 48 this was weaker than expected. The Sterling against the US $ traded low of 1.7759 and closing 1.7715 end of New York session.