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Good economic indicators shook up the markets on Friday, with stocks rising on the back of labor market data.
The flip side of that was that bond traders cut bets on a rate cut in 2024, causing yields to surge.
After a raft of data showing a slowdown in the labor market, Friday's employment report showed unexpected strength.
Nonfarm payroll employment increased by 199,000 last month, the unemployment rate fell to 3.7%, and monthly wage growth exceeded forecasts.
The S&P 500 index rose for the sixth straight week, the longest winning streak since November 2019.
And here's how currencies performed today:
- The Bloomberg Dollar Spot Index rose 0.2%
- The euro fell 0.3%
- The British pound fell 0.4%
- The Japanese yen fell 0.6%
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The flip side of that was that bond traders cut bets on a rate cut in 2024, causing yields to surge.
After a raft of data showing a slowdown in the labor market, Friday's employment report showed unexpected strength.
Nonfarm payroll employment increased by 199,000 last month, the unemployment rate fell to 3.7%, and monthly wage growth exceeded forecasts.
The S&P 500 index rose for the sixth straight week, the longest winning streak since November 2019.
And here's how currencies performed today:
- The Bloomberg Dollar Spot Index rose 0.2%
- The euro fell 0.3%
- The British pound fell 0.4%
- The Japanese yen fell 0.6%
Follow us on Telegram and Twitter
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איש זקן ישב בצד הדרך ומכר אבטיחים.
מנחם אתמול, 08:04השלט עם המחיר היה פשוט וברור:
אחד ב-3 דולר, שלושה ב-10 דולר.
בחור צעיר ניגש, דפק על כמה אבטיחים,
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