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Koefoed: This was an ugly NFP report

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Saxo's Mads Koefoed gives live reaction to the disappointing September US nonfarm payroll print. He describes the figure of 142,000 as 'ugly' and also notes that both the July and August numbers were revised down. September unemployment remained the same at 5.1% but hourly earnings were flat at 2.4%.

Despite this, Koefoed says he still expects the US economy to continue to do well throughout the rest of 2015 and into 2016. He cites more spending power and a recovering housing sector.

You can read more from Mads here.