Investing.com – Markets react with high volatility following the release of the NFP report figures. Investors remain sensitive to new data as they revise their expectations for U.S. monetary policy and the strength of the economy.
The NFP report showed a value of 254,000 new jobs, while forecasts expected only 140,000 new jobs. In addition, the August publication was revised upwards to 159,000 new jobs.
These figures illustrated a stronger state of the US job market than the market expected. This data therefore alters the vision of the market and has pushed investors to review their positions on several markets.
In response, volatility increased and expectations of slower rate cuts pushed U.S. Treasury yields higher. The US dollar followed and appreciated against the euro. The market fell in the face of the possibility of higher than expected rates.
On the other hand, the S&P 500 performed well and benefited from the good news on the state of the job market, although interest rates could fall less quickly than expected.
Related News :