PARIS (Reuters) – The New York Stock Exchange opened on Friday after the publication of the American employment report for the month of August.
In the first exchanges, the Dow Jones index earns 97.78 points, or 0.21% to 45,719.07 points and the Standard & Poor’s 500, wider, increased from 0.46% to 6,531.80 points. The Nasdaq Composite takes 0.79% or 171.12 points, at 21,878,813.
The American economy created much less non -agricultural jobs than scheduled in August, 22,000 against 75,000 expected, show the official data published on Friday.
After the gloomy data already published during the week, this new indicator feeds the drop in drop in rates of the American Federal Reserve (Fed) at its next meeting in mid-September, a possibility also mentioned recently by the president of the institution himself, Jerome Powell.
“A decrease of 50 basic points is again on the agenda,” said Brian Jacobsen, chief economist at Annex Wealth Management
“Such a scenario places Donald Trump in the face of a dilemma: to rejoice at monetary support almost assured in less than two weeks or to fear that it translates in hollow a disturbing weakening of the American economy,” warns John Plassard, partner at Cité Gestion.
In addition to the actions, the American markets reacted to this publication.
The dollar, already down Friday at the start of the day, accentuated its losses by dropping 0.72% against a basket of reference currencies around 1:27 p.m. GMT. Treasury’s yield at ten years lost 9.6 bp to 4.0819% and the title yield at two years 10.9 pb at 3.4825%.
(Written by Bertrand de Meyer, edited by Kate Entringer)
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