Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nasdaq Composite hit a record high after disappointing US jobs data
- Lower Treasury yields and oil prices accompanied the rise; Nike shares fell on its forecast
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Topic
US jobs data● +11% net tone today
- U.S. stocks rose as slowing jobs growth tempered expectations of another Fed rate hike this month
- U.S. yields rose, reversing their initial reaction to the weak jobs report
- The U.S. economy added 29,000 jobs in September as hiring slowed sharply
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Nasdaq Leads Stocks Higher as Hiring Softens
- Nasdaq led stocks higher as hiring softened
- Bond yields turned higher and oil fell as the G-7 agreed to release diesel and crude
- Lower crude prices can ease costs for Indian oil-marketers, airlines and other fuel-intensive sectors
Bets on an October Fed rate hike fall as US job market cools
- The US added 29,000 jobs last month, below economists’ forecast of 90,000
- The unemployment rate rose to 4.2%
US adds 29,000 jobs in September as unemployment rises to 4.2%
- Hiring fell from a revised 133,000 in August to 29,000 in September
- Unemployment rose to 4.2% from 4.1% in August
- US demand signals matter to Indian IT services companies reliant on American clients
Data▲
The Underwhelming Jobs Data That Sparked a Stock Rally
- September jobs data eased fears of further rate increases, sending the Nasdaq to an intraday high
US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Nasdaq Composite advanced 1.24%
- S&P 500 surged 0.82%, while the Dow Jones Industrial Average rose 0.61%
Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
- US nonfarm payrolls rose by 29,000 in September, versus 84,000 expected
- Unemployment rose to 4.2%, from 4.1% expected
- A softer US jobs market may affect Indian IT exporters through client demand and global rate expectations
US yields rise, reversing initial reaction to weak jobs report
- US yields rose, reversing their initial reaction to the weak jobs report
‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
- US employers added 29,000 jobs in September, far below economists’ 90,000 expectation
- The unemployment rate rose to 4.2%
- Weaker US demand may weigh on Indian IT exporters’ growth prospects
Data●
US economy adds just 29,000 jobs in September as hiring slows sharply
- The US economy added 29,000 jobs in September, as hiring slowed sharply
- US hiring weakness may affect Indian IT firms through client spending and Fed-rate expectations
Data▲
US jobs growth falls sharply to 29,000 in September; rate-hike bets tumble, futures surge
- US employers added 29,000 jobs in September, below expectations of 84,000–90,000
- Rate-hike bets tumbled and futures surged after the weak jobs figure
Traders now see little chance of a Fed rate hike in October after weak jobs report
- Odds of an October Fed rate hike tumbled after a report showed a soft labor market
- More traders lowered the chance of a rate increase this month
Asian shares fall amid bond and FX swings ahead of US jobs data
- Asian stock markets dipped amid turbulence in bond and currency markets
- Elevated oil prices were driven by military strains in the region
- Higher crude prices pressure Indian oil importers and fuel retailers
Gold slips before US payrolls data, set for second weekly loss
- Gold prices are poised for a second consecutive weekly decline amid a stronger US dollar and rising Treasury yields
- Gold weakness can reduce collateral values for Indian gold-loan lenders
Data●
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
- The US added 29,000 jobs in September and unemployment rose to 4.2%
- Traders priced a 23% chance of a second Fed rate hike at its policy meeting later this month
- US rate expectations influence foreign flows into Indian equities and funding conditions for Indian companies
Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- Asian shares fell ahead of US jobs data, with Treasury yields swinging and the dollar gaining
- Oil prices stayed elevated amid a widening military buildup
- Higher yields and elevated crude may pressure Indian equities and raise costs for oil-sensitive sectors
CNBC Daily Open: Bond yield whiplash grips global economy
- Bond-market moves kept investors on both sides of the Atlantic on edge ahead of a jobs report
- Global bond volatility can influence Indian bond yields and rate-sensitive stocks
Gold price today: Precious metal slips ahead of US Jobs data; MCX closed for Gandhi Jayanti
- Gold fell 0.6% to $4,154.78 an ounce ahead of US jobs data
- A stronger US dollar and elevated Treasury yields pressured bullion; MCX was closed for Gandhi Jayanti
- Lower bullion prices may weigh on Indian gold producers and jewellery stocks
U.S. Stocks Rise as Jobs Report Tempers Rate Outlook
- U.S. stocks rose after slowing jobs growth tempered expectations of another Fed rate hike this month
Why bond investors quickly lost their enthusiasm for weak labor figures
- Weak U.S. jobs data briefly revived demand for Treasuries as a safe haven
