Non-Farm Payroll Data and Subsequent Impact Interpretation
- Non-Farm Payroll Performance: The non-farm payroll data released last Friday fell short of expectations and was even below the worst-case scenario (below 80,000).
- Market Reaction:
- US stocks declined, with the Nasdaq dropping 2 points, as the market had already priced in the benefits of two anticipated rate cuts, and the poor data raised concerns about a recession in the US economy, which could lead to decreased earnings for listed companies and subsequently lower stock prices.
- US Treasury yields rose, as they had only priced in 40 basis points (just over one rate cut), indicating underpricing, and the release of the data confirmed the benefits.
- Major cryptocurrencies, such as Bitcoin and Ethereum, stabilized after a decline, reflecting the impact of the non-farm payroll data. #加密市场回调 #美国初请失业金人数
- Non-Farm Payroll Performance: The non-farm payroll data released last Friday fell short of expectations and was even below the worst-case scenario (below 80,000).
- Market Reaction:
- US stocks declined, with the Nasdaq dropping 2 points, as the market had already priced in the benefits of two anticipated rate cuts, and the poor data raised concerns about a recession in the US economy, which could lead to decreased earnings for listed companies and subsequently lower stock prices.
- US Treasury yields rose, as they had only priced in 40 basis points (just over one rate cut), indicating underpricing, and the release of the data confirmed the benefits.
- Major cryptocurrencies, such as Bitcoin and Ethereum, stabilized after a decline, reflecting the impact of the non-farm payroll data. #加密市场回调 #美国初请失业金人数
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