Good evening,

US indices are in positive territory with the S&P500 at 2,069.99 (+0.50%) and the Nasdaq Composite at 4,906.68 (+0.76%).  US economy gained 215,000 jobs in March, 15,000 more than the analysts consensus but the Unemployment Rate at 5% was 0.1% above the expectations.

Selloff on Crude Oil as KSA deputy crown prince said that production will be frozen only if Iran will do the same. The commodity is losing 1.59$ at 37.75 $/barrel (-4.15%) and erased its YTD gains but it still up 10$ from its 2016 low reached in February.  Gold is trading at 1,221.6 $/oz (-1.13%).

In the FX market EurUsd was volatile near the release of economic data but now the pair is flat at 1.1391. Another story for EurGbp, as the rate made a new 2016 high reaching the psychological level 0.8. The rate is trading at 0.8014 (+1.13%).  GbpUsd is trading at 1.4214 (-1.02%) and the UK Markit Manufacturing PMI data did not help the performance of the British Pound.

Better than expected macro data in China, with Caixin PMI at 49.7  (48.2 the consensus) and NBS Manufacturing PMI at 50.2  are building confidence in the Asian economy, as portfolio managers in a rotation strategy may exit from US market after the recent rally and buy Chinese Indices.

(20:26 GMT)