Tag: U.S. jobsSort
Equities Called Lower after U.S. Jobs Data Disappoints
Stocks are called lower on the opening based on pre-opening weakness. After an uneventful night, equities markets sold off sharply following a worse than expected U.S. Non-Farm Payrolls Report. The bad news adds to the developing pessimism about the economy and may put pressure on the Federal Reserve to take make more aggressive monetary moves to boost the economy.
The U.S. Dollar is trading lower ahead of this morning’s U.S. jobs data report. Today’s Non-Farm Payrolls Report is expected to loss in October of about 175,000 jobs. The key will be how investors react if the unemployment rate reaches or exceeds 10%. Some say this figure is built into the market.