US EditionWall Street is on hold as the countdown ticks toward Friday’s jobs report
- Investors awaited the U.S. Non-farm payrolls report on Friday to gauge the labor market's health after May hiring slowed to an expected 130,000 jobs.
- Weaker-than-Expected private payrolls and a 47% year-on-year increase in layoffs contributed to concerns about a cooling labor market and economic uncertainty.
- Markets priced a roughly 19% chance of a Federal Reserve rate cut in July, down from nearly 30% before recent ECB commentary and ongoing trade tensions.
- Jason da Silva of Arbuthnot Latham emphasized that job data is likely to be the most influential factor affecting market movements.
- The report's outcome could influence Fed policy timing and investor sentiment amid persistent trade disputes and slowing job growth concerns.
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The Amsterdam stock exchange started slightly lower. Investors are awaiting an important US employment report that should provide direction on the consequences of Donald Trump's trade policy. The AEX opened 0.2 lower at 923.9 points. The Amsterdam main index closed 0.2% higher at 925.53 points on Thursday, after the ECB lowered interest rates for the eighth time in a year, as expected.
·Amsterdam, Netherlands
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Everyday Economics: All eyes on Friday's jobs report as hiring slows
The highlight of the coming week will be Friday’s May jobs report – a key gauge of the labor market’s health as economic momentum continues to cool. Investors, policymakers and businesses alike are closely watching whether the hiring slowdown seen…
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Total News Sources90
Leaning Left19Leaning Right7Center38Last UpdatedBias Distribution59% Center
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59% Center
L 30%
C 59%
11%
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