(BFM Stock Exchange) – US bond yields are clearly stretched while the dollar is strengthened in the face of the euro after a better than expected American employment report.

Main meeting of the day, the latest employment report held all its promises, especially since these data are always followed to try to anticipate the next movement of the American Federal Reserve.

And the June figures show an impressive solidity of the job market across the Atlantic, with 147,000 non-agricultural jobs, nearly 40,000 more positions than the consensus awaited (106,000 job creations). The unemployment rate reflected at 4.1%, where consensus awaited an increase at 4.3%, compared to May (4.2%).

The growth of average salary slowed down to 0.2% in June against a consensus that awaited an increase of 0.3% and after 0.4% in May.

The dollar is strengthened against the euro

The dollar resumes colors after the statistics. The euro thus drops 0.55% against the greenback at $ 1.1743 while the single currency was almost stable against the greenback before this publication.

This excellent report of American employment comes even more speculation on the fact that the American Federal Reserve (Fed) will not hurry to lower its rates.

“In response to the employment report, the money markets abandoned their bets on a reduction in the Fed in July, postponing the calendar of the next decrease of 25 base points (0.25 percentage points) to October, and now expected only 50 points of flexibility this year (compared to 66 base points before publication)”, explains Michael Brown at Pepperston.

“A report on solid employment would probably definitively rule out the (very low) probability of a rate drop in July … and Jerome Powell will suffer the pressure from Donald Trump all summer,” warned Alexandre Baradez, responsible for market analysis at IG France, in a note published before the publication of this statistics.

However, the president of the federal reserve is regularly the target of Donald Trump, who still called on the night of Wednesday to Thursday to the “immediate” resignation of Jerome Powell, a few weeks after having described him as “stupid person”.

Which transcribes on the bond market. The rate of American state loans at 10 years old is 4.34%, while it was 4.26% before statistics when the 30th, climbs to 4.85% against 4.78% before 2:30 p.m.

The American clues push a small “phew” of relief. The pre -opening indicators suggest an increase of 0.2% of the Dow Jones, 0.24% for the S&P 500 and 0.30% for the NASDAQ.

In Paris, the CAC 40 timidly returned to positive territory, grappling 0.08% to 7,744.69 points.