Financial Markets Daily Report09 October 2023
In the last session of the week, the awaited release of the September US employment report changed investors’ expectations of the path of interest ahead. Non-farm payrolls increased by a 336k, notably above expectations, and the two previous months were revised by 119k higher. The unemployment rate remained unchanged at 3.8%.
- In the last session of the week, the awaited release of the September US employment report changed investors’ expectations of the path of interest ahead. Non-farm payrolls increased by a 336k, notably above expectations, and the two previous months were revised by 119k higher. The unemployment rate remained unchanged at 3.8%.
- This strength of the labor market, pushed sovereign interest rates higher, while stock indices managed to post gains on both sides of the Atlantic. In FX markets, the US dollar weakened against most currencies but the euro continued to fluctuate below $1.06.
- This week in the US the focus will be on the release of the last FOMC meeting minutes (Wed.), the September CPI inflation figures (Thu.) and the October University of Michigan sentiment indicators (Fri.). Elsewhere, the IMF will present its October WEO on Tuesday, together with its new macroeconomic projections.