Global Markets Rise as Soft US Jobs Data Eases Rate Hike Bets
Stocks and commodities gain as weaker-than-expected US jobs data reduces expectations for a Federal Reserve interest-rate hike.
Global markets surged on Monday as surprisingly soft US job numbers lowered the likelihood of a Federal Reserve interest-rate increase. The FTSE 100, Germany's DAX, and France's CAC 40 all gained. Oil prices fell as Middle East exports recovered, and the US dollar index rose.
The US nonfarm payrolls grew by only 29,000 in September, missing projections. This led to a drop in wagers on another Federal Reserve interest-rate increase.
Gold prices edged up after experiencing its largest weekly decline since June.
U.S. stock futures ticked higher as soft jobs data eased Fed hike bets.
Key facts
- The FTSE 100 rose 0.11% to 7,318.64.
- Germany's DAX gained 0.07% to 13,441.14.
- France's CAC 40 was down 0.62% to 6,144.14.
Why it matters
This means that everyday investors may see a brief respite from market volatility, but it's essential to remember that markets can move up and down unpredictably. It's crucial to have a well-diversified portfolio and a long-term perspective.
What happens next
Markets will continue to respond to economic data and news, and investors should stay informed and adapt their strategies accordingly.
Sources
- FTSE 100 today: Stocks rise as soft U.S. jobs data cuts Fed hike bets – Investing.com Stocks
- Gold prices steady after weekly slide as weak jobs data ease Fed hike bets – Investing.com Commodities
- U.S. stock futures tick higher as soft jobs data eases Fed hike bets – Investing.com
- Japan stocks gain, Asian shares rise as Fed hike bets ease, oil gains – The Business Times
- Asian Shares Rise as Fed Bets Ease, Bonds Edge Up: Markets Wrap – Bloomberg.com
- Most Stocks Are Losers – A Wealth of Common Sense
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