U.S. nonfarm payrolls rose just 29,000 in September vs. 84,000 expected, while the unemployment rate increased to 4.2% vs. 4.1% forecast.
Private payrolls gained only 46,000, while government employment fell 17,000.
Wage growth also cooled to 0.13% MoM and 3.02% YoY, while August payrolls were revised down to 133,000 from 162,000 and July to -10,000.
The US dollar index (USDIDX) dips significantly after the report. Kalshi now prices an 85% chance the Fed holds rates in October after payrolls rose just 29,000 vs. 84,000 expected. Unemployment climbed to 4.2%, triggering a sharp dovish repricing of the Fed outlook. Source: XTB
Daily Summary: US100 Hits New Highs on Weak NFP 🚨
Oil down nearly 5% following the announcement that European diesel reserves will be released💡
🟡Gold takes a breath, because of oil, not NFP
Market Wrap: Tech stocks stabilize sentiment in Europe 📈 Adidas and Puma resilient despite Nike’s sell-off?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.