Post
Aylaah
US JOBS DATA COULD SET THE TONE FOR MARKETS
ADP reported 86,000 new private-sector jobs in October, beating expectations of 69,000. The ISM services employment index also moved into expansion at 51.4.
However, the official NFP report remains the key test. Markets will be watching payrolls, unemployment and wage growth for clues about the Fed’s next move.
Strong hiring could complicate expectations for a December rate cut, with the dollar and Treasury yields in focus.
#USJobsReportInFocus
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$73,386.1+0.00%
ETH/USDTEthereum
$2,051.34+0.01%
SOL/USDTSolana
$83.12+0.01%
Today’s market buzz
1#After the US October CPI exceeded expectations, AI stocks and crypto trends diverged
Hot
2#Goldman Sachs predicts Anthropic's revenue will exceed $600 billion by 2030
Hot
3#NVIDIA plunges for five consecutive days, marking its worst performance since 2022, with market value surpassed by Microsoft
