(CercleFinance.com) – The New York Stock Exchange should open lower on Friday morning following the announcement of a rebound in job creations in December, which dampens the hope of a future reduction in interest rates. Fed.
Half an hour before the opening, futures contracts on the main New York indices fell by around 0.3%, announcing a start to the session in the red.
The hypothesis that the Federal Reserve could refrain from lowering its rates in March was reinforced this morning with the publication of the latest employment figures in the United States.
The latest sign of the good health of activity, the American economy created 216,000 non-agricultural jobs last month, according to the Department of Labor, while the consensus expected only 150,000.
Following this statistic, the proportion of traders betting on a 25 basis point rate hike on March 20 fell to 53%, while it was still 96% at the start of the week, according to FedWatch.
The strength of the labor market could indeed encourage the American central bank to postpone the easing of its monetary policy.
On the markets, the yield on 10-year Treasuries rose above the 4% mark after the statistics, taking more than six basis points to more than 4.05%.
The dollar also increased its progression, causing the euro to fall to 1.0930.
On the oil market, the price of American light crude increased by 1.8% to $73.5, still supported by geopolitical factors.
Over the week as a whole, the trend is downward for the American equity markets, which clearly illustrates investors’ uncertainties regarding the horizon of the Fed’s rate cuts.
The market will become aware shortly after the opening of the ISM index of services and orders to industry, which will provide more information on the health of activity.
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