$BTC Decisive week that could move the market 📊
The week between June 29 and July 4 will be shorter for international markets. The celebrations of Independence Day in the USA will close the markets earlier on Thursday (3), at 1 PM (Brasília time), and there will be no trading the following day, a holiday in the world's largest economy.
As a result, the data from the non-farm payroll report and the unemployment rate for June, traditionally released on the first Fridays of each month, have been brought forward to Thursday. The expectation is for a slight slowdown in net job creation, from 139,000 in May to 129,000 in June.
Find out here how to access Brazilian stock choices through artificial intelligence right now.
It is worth noting that the numbers from the previous month are generally revised downward, although they almost always remain above the previously estimated consensus. The market projection is for the unemployment rate to remain at 4.2%.
The robust numbers from the US labor market are unlikely to support expectations of three interest rate cuts, of 25 basis points each, in the last three monetary policy meetings of the Fed (September, October, and December). Additionally, the core PCE index — the preferred inflation indicator of the American central bank — recorded an acceleration from 2.6% in April to 2.7% in May year-on-year, as reported last Friday (27).
It is inconclusive whether this rise in the core PCE is related to import tariffs. It is worth remembering that additional rates of 10% are in effect for almost all countries worldwide, except for Mexico (25%), Canada (25%), China (30%), and some sectors of the economy — such as steel, aluminum, automobiles, and auto parts — regardless of origin.#BTC
The week between June 29 and July 4 will be shorter for international markets. The celebrations of Independence Day in the USA will close the markets earlier on Thursday (3), at 1 PM (Brasília time), and there will be no trading the following day, a holiday in the world's largest economy.
As a result, the data from the non-farm payroll report and the unemployment rate for June, traditionally released on the first Fridays of each month, have been brought forward to Thursday. The expectation is for a slight slowdown in net job creation, from 139,000 in May to 129,000 in June.
Find out here how to access Brazilian stock choices through artificial intelligence right now.
It is worth noting that the numbers from the previous month are generally revised downward, although they almost always remain above the previously estimated consensus. The market projection is for the unemployment rate to remain at 4.2%.
The robust numbers from the US labor market are unlikely to support expectations of three interest rate cuts, of 25 basis points each, in the last three monetary policy meetings of the Fed (September, October, and December). Additionally, the core PCE index — the preferred inflation indicator of the American central bank — recorded an acceleration from 2.6% in April to 2.7% in May year-on-year, as reported last Friday (27).
It is inconclusive whether this rise in the core PCE is related to import tariffs. It is worth remembering that additional rates of 10% are in effect for almost all countries worldwide, except for Mexico (25%), Canada (25%), China (30%), and some sectors of the economy — such as steel, aluminum, automobiles, and auto parts — regardless of origin.#BTC
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