Market retreats on back of weak US jobs data

Global fixed income and equity markets are retreating after the US announced a weaker than expected employment numbers for September. Economists predicted the world’s largest economy to have put on an extra 201,000 jobs in September. Figures released today showed that figure to be at 142,000, payroll figures also received a downward revision.  The FED still maintain that any rate rise in 2015 will be data dependant but increasing headwinds from China and now lacklustre jobs results from the US will no doubt weigh heavily on any decision to pull the trigger on a FED rate rise in 2015.