Read more
1:31 PM ยท 2 August 2024

BREAKING: US NFP report much weaker than expected; unemployment rises. US500 declines ๐Ÿ“‰

-
-
Open account Download free app

US Non-Farm Payrolls in July came in 114k vs 175k exp. and 206k previously (the weakest since 2021)

  • US Unemployment rise to 4.3% vs 4.1% exp. and 4.1% previously
  • US average earnings YoY came in 3.6% vs 3.7% exp. and 3.9% previously (and 0.2% MoM vs 0.3% exp.)
  • Private payrolls: 97k vs 140k exp. and 136k previously
  • Manufacturing payrolls: 1k vs -5k exp. and -8k previously

After NFP US interest rates futures price in 50 bps Fed interest rate cuts in September with 60% probability vs 30% probability of 50 bps rate cut before the report. US500 deepens declines after weaker than expected and dovish crucial, US job market data, which may signal that Fed is now 'late' with monetary policy easing. Markets see now as much as 111 bps US rate cuts in 2024.

Source: xStation5

Source: BLS, Macrobond, XTB Research

27 March 2026, 3:31 PM

US OPEN: Wall Street declines deepens

27 March 2026, 3:13 PM

The Michigan Sentiment Index highlights concerns about a short-term spike in U.S. inflation๐Ÿ’ก

27 March 2026, 8:24 AM

Economic Calendar: A Calm End to the Week for Markets

26 March 2026, 9:42 AM

Consumer sentiments fall in Germany and France amid rising energy prices

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits