Bullish Us Jobs Report

Adding to the day's bullish tone, New York Fed President William Dudley said the US central bank will need to determine whether that jobs report foreshadows a more substantial slowing in the labour market, adding he expects the path of rate hikes to be "relatively shallow."

Nonfarm payrolls surged by 321,000, the most since January 2012, the Labor Department said on Friday. The unemployment rate held steady at a six-year low of 5.8 per cent.

US stocks were higher on Friday after the September jobs report came in ahead of expectations, though major indices remained on track for a second straight weekly decline.

The mood was slightly bullish after Greece completed the negotiation of the biggest sovereign debt restructuring in history, an issue that has kept investors skittish.

Adding to the day's bullish tone, New York Fed President William Dudley said the US central bank will need to determine whether that jobs report foreshadows a more substantial slowing in the labour market, adding he expects the path of rate hikes to be "relatively shallow."

Nonfarm payrolls surged by 321,000, the most since January 2012, the Labor Department said on Friday. The unemployment rate held steady at a six-year low of 5.8 per cent.

US stocks were higher on Friday after the September jobs report came in ahead of expectations, though major indices remained on track for a second straight weekly decline.

The mood was slightly bullish after Greece completed the negotiation of the biggest sovereign debt restructuring in history, an issue that has kept investors skittish.