Rising oil prices and speeches from Federal Reserve officials have put pressure on US stocks. Investors are waiting for tomorrow night's non farm payroll report
2024-04-04 18:38:17
On April 5th, institutional analysis pointed out that the stock market is volatile, and traders are exploring the comments of Federal Reserve officials while waiting for Friday's employment report. Treasury bond prices were mixed, while the dollar fell. The S&P 500 index has wiped out the previous nearly 1% increase, and traders are avoiding overly risky bets before Friday's data release. In addition, the speech by the Federal Reserve's Kashkari also gave some momentum to the stock market, stating that if inflation stagnates, the central bank may not cut interest rates this year. Some traders have stated that considering geopolitical risks, the rise in oil prices has also put pressure on market sentiment as it may also trigger inflation. According to institutional forecasts, employment growth in the United States may be good in March, while wage growth may slow down. It is expected that the number of non-agricultural employment will increase by at least 200000 for the fourth consecutive month. Chris Larkin from E * Trade, a subsidiary of Morgan Stanley, said, "Investors will be looking for a 'blonde girl' number that neither gives the Federal Reserve a reason to delay interest rate cuts nor indicates a serious decline in the labor market."
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