- The US jobs report exceeded expectations, with non-farm payrolls surging over 250k.
- The unemployment rate declined for the second consecutive month to 4.1%.
- Equities rebounded on a fresh recommendation, with Chinese ADRs recovering from Thursday's selloff.
- Rivian shares tumbled as the company slashed its production forecast for the year.
US indices opened sharply higher, driven by a buoyant US jobs report that tempered recession fears. Non-farm payrolls surged 254k in September, while the unemployment rate dipped to 4.1%. This robust data points to potential strength in consumer spending and GDP growth in the third and fourth quarters, defying recent expectations of a slowdown.
The US500 is just 0.6% shy of its all-time highs set last week. Today's trading saw the index test the 5800 level, coinciding with a 113.0% Fibonacci retracement of the recent summer rally. Concurrently, bond yields have surged, as reflected in falling bond prices. If the uptrend persists, the next significant target is around 5900; support lies at 5725.
Source: xStation5
Company News:
- CVS Health (CVS.US) gained over 3% on plans to potentially split into two divisions: pharmaceutical and insurance. TD Cowen upgraded the stock on improved prospects for its Medicare Advantage plan.
- Rivian Automotive (RIVN.US) shed nearly 4% after slashing its production forecast for the year due to supply chain constraints. The company delivered 10k vehicles in Q3, missing analyst estimates.
- Despite Rivian's problem, Amazon (AMZN.US) is up today by more than 3% as it plans to boost workforce by 250k for Holidays this year which indicate a robust retail sales in coming months.
- Chinese ADRs rebounded after Thursday's selloff, with Alibaba, JD, and Tencent posting gains.
Daily summary: Equities rally as markets await Trump-Xi talks; precious metals decline on risk-on (27.10.2025)
Qualcomm surges 20% on a new AI chip lineup 🤖 📈
Chart of the day: JP225 (27.10.2025)
BREAKING: Ifo Index Slightly Above Expectations. DE40 limits jump from the session start
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.
