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Investing.com – The key US employment data that markets have been anticipating for days is now out, giving an overview of the period ahead.
Employment data came this time less than experts’ expectations, and less than the previous month’s numbers, which motivates the Fed to ease the pace of tightening in the coming period, as Al-Faisal is now scheduled to be issued next week.
Although the employment data supports the Fed’s calmness in its monetary policy, the unemployment data did not meet expectations and rose less than experts’ expectations, adding more confusion about the movement of the markets in the coming period. The dollar index interacted with the unemployment data and consolidated its gains.
The data is expected to move the markets with the opening of next week’s trading, as the US market is on holiday today due to Holy Friday.
For the month of March, while experts expected an addition of 239 thousand, while the reading recorded in February was raised from 311 thousand to 326 thousand.
While there were only 189 thousand jobs, and expectations were for an addition of 215 thousand, and less than the previous reading as well, which was revised and raised from 265 thousand to 266 thousand.
On the other hand, it rose by 3.5% in March, less than the experts’ expectation that the ratio would remain the same as in February at 3.6%.
It rose by 0.3% in March, as expected by experts, but higher than the rate recorded in February by 0.2%. As for Ali, it rose by 4.2%, while experts expected it to rise by only 4.3%. However, February’s reading was 4.6%.
markets now
It rose immediately after the release of the data, rising by 0.35% to 101.88 points.
While the futures contracts for US indices are stable without strong movements. It rose by 0.1% to 33,691 points.
The S&P rose 0.1% to 4,135 points. While the Nasdaq settles at 13170 points.
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