The United States markets moved higher this week as the economy showed many signs of improvement across the board. Earlier this week, the automotive sector received a boost from higher-than-expected car sales, while the ISM’s non-manufacturing index and factory orders jumped above their respective consensus forecasts. The week was topped off by bullish employment figures released on October 5 showing an unemployment rate of just 7.8%.

Global markets also showed some optimism this week. While the eurozone’s unemployment rate remained steady at 11.4%, ECB President Mario Draghi indicated that the central bank stood ready to make additional bond purchases, if necessary, to support the region. The remarks helped to reduce the uncertainty in the eurozone and led to a fall in bond yields for many major countries in the region, including Spain and Italy.

The S&P 500′s SPDR ...