On Thursday, American actions rose to new record levels, after reports that the US labor market showed stronger than Wall Schell.
The Standard & Poor’s 500 index increased by 0.5 percent during early trade on the way to achieving the highest level in history for the fourth time, within five days. According to Associated Press, the Dow Jones industrial index also grew by 133 points, or 0.3 percent, by 9:35 am the east, while the NASDAQ complex increased by 0.6 percent.
The reaction was more powerful in the bond market, after the employers added 147,000 clean jobs last month, which reflects the stamina of the American labor market, despite the fears about the impact of customs duties imposed by President Donald Trump on the economy and inflation. “There is nothing to complain about, and no evidence of the appearance in these figures can be found.”
At the same time, a separate report indicated that the number of weekly unemployment subsidies decreased, which indicates a decrease in the demobilization of workers.
The treasury bonds jumped amid the expectations of investors that these strong data could push the “federal backup reserve” in order to maintain interest rates without changes, instead of reducing them, as Trump causes. A high percentage is usually associated with a decrease in shares and increase in the cost of borrowing for individuals and companies.
According to CME, the possibility of reducing the main interest rate decreased at the meeting of the “Federal Reserve System”, planned at the end of this month, up to less than 5 percent, compared with about 24 percent only one day ago. The President of the Federal Reserve System, Jerome Powell, confirms his desire to wait to control the influence of customs duties on the economy and inflation before making any decision.
It should be noted that a number of customs graphics proposed by Trump for imports are currently suspended, and next week it is planned to enter into force if this is not reached an agreement on their reduction.
The profitability of treasury bonds increased over 10 years to 4.33 percent, from 4.30 percent on Wednesday, while the yield of bonds jumped for two years to 3.87 percent, from 3.78 percent, which is the closest indicator of the federal reserve system policy.
In “Wall -Strith”, the Datadog share increased by 9.8 percent, after the announcement of the inclusion in the Standard & Poor’s 500 index, which attracted significant investments as a number of accepted managers in terms of indicators.
Throughout the world, stock markets have witnessed the increase in most parts of Europe and Asia, since the Cosby index in South Korea increased by 1.3 percent, while Hong Singh index in Hong Kong decreased by 0.6 percent, in the two largest movements in the Asian markets.
