(reuters) – wall street is evidence of, without a major change in the wake of the publication of the monthly figures for employment in the united states who are not as good as expected, but show a sharper than expected rise in wages in the last month.
the dow jones industrial average is 10.27 points, or 0.05%, 22.765,61 points to 2:05 pm gmt). the standard & poor’s 500 largest back to 2.548,95 0.12%, and the nasdaq composite 6.585,35 is almost unchanged.
the u.s. economy is destroying jobs in the month of september, for the first time in seven years, due to the disruptions caused by hurricane harvey, and irma, but the unemployment rate has declined and wage growth has accelerated, in line with the scenario of a rise in interest rates by the federal reserve in december.
“the figure is even worse than the consensus, but it doesn’t matter,” says naeem aslam, thinkmarkets market analyst.
“the number of wages is positive and the traders is important because it shows that the labor market is getting stronger. the increase in wages reported an increase in consumer spending.
wage increases should lead to a rise in inflation and strengthening expectations of an increase in the federal funds rate (fed) at the end of the year.
the likelihood of monetary tightening in december is expected by investors, more than 90%, according to the measure fedwatch cme group.
stable prior to the publication of the statistics on employment, the dollar is 0.2% against a basket of currencies).
in the bond market, the performance of the treasuries 10 years increased earnings for 5 basis points to 2.4%, reached a peak of three months.
“i think the dollar’s rebound back and is expected to continue next week,” said win thin, for changes in emerging markets at brown brothers harriman.
other significant movement in the foreign exchange market, the pound sterling and dollar prices succumb to political concerns in the united kingdom.
there are voices in the united kingdom for the resignation of theresa may, after the speech was delivered wednesday by the disastrous british prime minister.
the book is 0.67 per cent against the dollar, to a low of about a month, and 0.51% against the euro.
to give up on wall street, while 5.41% after having published a quarterly decline in gross margin. in its wake, wal mart – 0.53%.
in the oil market, oil prices are significantly rebounded thursday after the field, for the possible extension of the agreement for management of the production, which entered into force at the beginning of the year, under the auspices of the opec countries and russia.
in europe, the indices are in the stock order.
the french cac 40 is 0.25%, the dax in germany is 0.07% and the stoxx 600 and the british well, footsie, encouraged by the decline in the sterling is 0.12%.
(edited by patrick vignal)
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Translated by forexguides.info Team