Dow Jones futures continued to decline. Most recently, it fell more than 300 points after the US released more than expected non-farm payrolls. This will be a factor that will help the US Federal Reserve (Fed) accelerate further interest rate hikes.
At 20:03 Thai time, the Dow Jones Industrial Average is down 311 points or 1.04% to 29,671 points.
The US Department of Labor said Nonfarm payrolls increased by 263,000 in September. It was higher than analysts’ estimates of 250,000, but lower than 315,000 in August.
The unemployment rate fell to 3.5% from 3.7% in August.
Investors See It Better-Than-Expected Employment Figures And the unemployment rate fell to 3.5% in September, indicating the strength of the US labor market. And it will be a factor that will help the Fed accelerate further interest rate hikes.
The market was also put under pressure as US Treasury yields rose as soon as the employment report was released.
