Trading the jobs report: Where JPMorgan sees the market going based on these scenarios

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Investment Strategy Nouvelles

Stock Markets,Business News

Economists polled by Dow Jones expect the U.S. economy added 190,000 jobs in May.

The all-important U.S. jobs report is looming, and the numbers could send ripples through the stock market. That would be up from the 175,000 created in April. The report comes at a key moment for stock market investors. On the one hand, Wall Street has been clamoring for the Federal Reserve to cut interest rates, so weaker-than-expected data would bolster those expectations.

It's a "positive outcome but upside is less robust as this likely means that a slew of part-time or low-income jobs are added." In-line jobs growth + strong wage growth: This outcome indicates inflation persists given tight labor market conditions. JPMorgan traders expect the S & P 500 to lose 1%-1.5% under this outcome.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR

France Dernières Nouvelles, France Actualités