The US jobs report for October has shown a better than expected reading with a positive revision also seen to the prior month.
The data was as follows:
-
Non farm employment change: +128k vs +89k exp. +180k prior - revised higher by 44k
-
Average hourly earnings M/M: +0.2% vs +0.3% exp. 0.0% prior
-
Average hourly earnings Y/Y: +3.0% vs +3.0% exp.
-
Unemployment rate: 3.6% vs 3.6% exp. 3.5% prior
The market reaction initially has been what you’d expect from a pretty solid report with US yields, US stocks and the US dollar all moving higher. Gold has tumbled in response.
There’s been a fairly swift move lower in Gold after the release with the market falling by around $7 in the 5 minutes that followed. Source: xStation
It’s worth noting again that the ISM manufacturing PMI (2PM GMT) is still to come and could have a sizable impact on affected markets going forward.
📌Oil slips below $100
⚡ Will US drought fuel speculative grain volatility on CBOT?
🔴Three markets to watch next week: all eyes on the Fed (24.04.2026)
Market Wrap: Indices try to recover on US-Iran negotiations hopes 🇪🇺 SAP surges 6% after earnings 📈
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
