Daily Wrap: 7/14/2011

Optimism over the latest jobs data helped boost the markets on Wall Street today, but an statement from Ben Bernanke dampened the mood, as he said the Federal Reserve is “not prepared at this point to take further action.” Earnings results from JP Morgan (JPM) also gave the markets a lift, as the bank beat expectations on both earnings and revenue. The results had much to do with a good quarter in the investment banking sector.

FX_Trdr