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Weaker start for the US stock indices after stronger than expected jobs data

The sentiment in the US stock market was soured after better-than-expected ADP jobs data and stronger initial jobless/continuing claims, has traders nervous about the BLS employment report tomorrow. The expectations are for 200K nonfarm payroll jobs vs 263K last month with the unemployment rate steady at 3.7%.

The comments from Fed officials has also been disheartening to traders looking for a quicker turnaround in rates in 2023. Feds George (she is retiring) said that she does not see... Read More

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Weaker

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Stock

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After

Stronger

Than

Expected

Jobs

Forex

Posted: Jan 5 2023, 14:38

Author Name: forexlive

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