There have been so many reactions to the much better than expected US jobs report that it is hard to keep pace here right now. The reaction in the US treasury markets has seen bonds hit hard and so yields have spiked and that has severely dented the opening outlook for the US equity markets this afternoon. The S+P 500 futures were pricing an opening above 5,900 leading into this jobs report. They have subsequently changed to that to below 5,850 a short while ago and right now the index is set to open not far north of that level