US EditionWall Street is on hold as the countdown ticks toward Friday’s jobs report
- Investors awaited Friday's U.S. Jobs report, expecting a rise of 130,000 jobs in May with unemployment steady at 4.2%.
- Weaker-than-Expected private payrolls and rising jobless claims last week have raised doubts about the labor market's strength.
- Markets remain cautious as slower hiring could pressure the Federal Reserve to cut interest rates, though September cuts are mostly priced in.
- Tesla shares rebounded after tumbling 14% due to a public dispute with Trump, while global stocks and oil prices showed mixed movements.
- The data will influence Fed policy amid trade tensions and economic uncertainty, with investors focused on potential market moves after the report.
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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 Sources92
Leaning Left19Leaning Right7Center38Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 30%
C 59%
11%
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