Wall Street will rise after lower-than-expected employment figures, interest rates will recover


The Nasdaq technology index opened up 0.9 percent on Friday. The general index S&P 500 was 0.3 percent on the plus side. Dow Jones was at his final level yesterday.

Index futures jumped markedly upwards as employment data released at half past four was weaker than expected.

In the United States, 266,000 non-agricultural jobs were created in April, while economists expected a million new jobs. According to revised figures, 770,000 jobs were created in March.

The unemployment rate was also 0.3 percentage points higher than expected at 6.1 per cent. In March, the unemployment rate was 6.0 per cent.

Weaker-than-expected employment figures reassure investors about the policy rate hike. The economy is estimated to be overheating, which could lead to a rise in interest rates. In the Nasdaq index, the impact of rising interest rates would be most significant, as the index focuses on growth companies.

The interest rate on the 10-year US government bond slowly returned to pre-disclosure levels. The interest rate on the loan had fallen by a maximum of 9.0 basis points at the time of the announcement, but had fallen below one basis point one hour after the announcement.


Source: Arvopaperi by www.arvopaperi.fi.

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