© Reuters.
Investing.com – Markets calm this Friday -, , …- waiting to know the data from the employment report in the United States for the month of September, which are published at 2:30 p.m. Spanish time.
The creation of 170,000 is expected, less than in August, and that it will drop by one tenth to 3.7%.
“We believe that if the figures are worse or very close to what was expected, they could be well received by investors, while if the actual figures greatly improve the consensus forecasts, the markets could suffer a corrective, which would imply a closure to the decline in their equity indices,” they explain in Link Securities.
“After the upward surprise in and the downward surprise in , the market expects some softening in the pace of job creation and even pressure on wages. We remember that the Fed considers moderation in the labor market necessary to allow it to return prices towards its objective of 2% in the medium term,” they point out in Renta 4 (BME:).
“Weak employment data should translate into a decrease in the IRR of bonds, especially the T-Note,” they add at Bankinter (BME:).
“IRRs that remain around maximums, tightening financial conditions and doing part of the work to the Fed, which reduces pressure for one,” they say in Renta 4.
“The employment data, together with Thursday’s inflation, are the most relevant variables. Both will be key to determining whether or not the Fed chooses to raise rates (current 5.25%/5.50%) at its meeting on November 1,” Bankinter points out.
“The probability of +25 bp more up to the ceiling marked by the “dot plot” at the end of the year (5.5%-5.75%) has moderated to just over 30%,” they conclude in Renta 4.
In a volatile context, having the best market information that may affect our securities portfolio is essential. In this sense, the professional tool InvestingPro can help you.
With InvestingPro you will have first-hand market data and pros and cons that can affect stocks.
Request your free 7-day InvestingPro trial now here.
2023-10-07 03:34:59
#Previous #employment #report #Beware #data #Fed #closely #Investing.com
