Poor employment data breaks the calm of US stocks

US stocks fell with a dark start for August on Friday, after the data showed a remarkable slowdown in work growth and an increase in the unemployment rate, and US President Donald Trump revealed a series of new customs duties. The S&P 500 index fell 1.6%, which continued the decline for the fourth consecutive day, which has been the longest decline since May. The Nasdac 100 index fell by 2%as Amazon decreased to disappointing profits. Customs most affected sectors fell by 1% or more, while the shares of primary defense goods increased by 0.5%. The ‘CBOE VIX’ index jumped over the level of 20. The most dangerous stock market sectors were more damaged as the ‘Russell 2000’ index of small stocks fell by 2%, while the business sales index fell 3.1%. The US labor market is witnessing a remarkable weakness, the number of posts increased by 73,000 jobs in July, after the two -month data was changed by a reduction by approximately 260,000 posts, according to the Report of the Work Statistics office released on Friday. Over the past three months, the average growth of work has reached only 35,000 jobs, which is the worst since the pandemic. The unemployment rate has risen to 4.2%. The data has given a strong indication that the labor market has a remarkable weakness, with work growth slow and high unemployment rates. Read the details: a sharp slowdown in US employment with the increasing signals of the weak economy, Michael Uruk, the main market strategy of the ‘Jonstrading Instruction Services’:’ Standard increases, excessive assessments, in addition to customs duties, and the expected increase in inflation, all factors that make this time for sale The deadline for the application of customs duties is approaching. “US President Trump has announced that he will direct officials to reject Erika McNERRTARV, the work of the Work Statistics Office, hours after a report showed a sharp slowdown in growth in the United States during the past three months.” If you question them, tell you something that you do not weaken about the market confidence, ‘said Neil Dutta, head of the US economic research division of the Renaissance macro research. The Governor of the Federal Reserve, Christopher, Wald and Michelle Bowman, expressed concern that policymakers in reducing interest rates could threaten to retain federal times. Trump’s pressure by customs duties that increase average US interest, and Trump, at the same time, has launched a wave of new customs duties that have raised the average US interest rate on the goods from around the world, and that he has his troubled efforts to restructure international trade. on countries such as Switzerland and New Zealand. Data releases, but this drop against the Hardline position of the Federal Reserve taken this week by the Federal Open Market Committee meeting. “Trump has also threatened to impose additional customs duties with 40% on any producer who decided to recharge another country, a penalty aimed at evading the seven major shares. Has a weaker operating income than expected, and did not grow their competitors in the field of clouds, who Investment investments pay its fruits.

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