US stock market morning session: The three major indices are mixed, with Dow Jones Industrial Average and S&P 500 rising; Broadcom falls more than 9% after its earnings, Tesla falls about 2%, and Apple rises nearly 1%.
China concept stocks are mixed, with NIO Inc up nearly 4%, pdd holdings up nearly 1%, while li auto inc drops more than 1%. The non-farm payrolls in the USA increased by 0.142 million in August, lower than expected, paving the way for the Fed's interest rate cut in September.
Did the US non-farm payrolls prior value be significantly revised downward, opening the door for aggressive interest rate cuts by the Federal Reserve?
The US job growth in August was lower than expected, and the employment growth in June and July was significantly revised down. The probability of a 50 basis points rate cut by the Federal Reserve in September has increased to over 50%.
The probability of a 50 basis point rate cut soaring! The employment numbers in the USA rebounded in August as expected, with a significant downward revision of the previous value.
The August non-farm employment rebounded as expected to 0.142 million, lower than the expected 0.16 million; the unemployment rate fell to 4.2%, in line with expectations; After the data was released, the probability of a 50 basis point rate cut by the FOMC in September rose above 50%; The yield on the 10-year US Treasury bond further plunged to 3.66%, and the pre-market decline in US stock futures narrowed.
US Stock Market Outlook: US August non-farm payrolls below expectations, short-term rise in three major futures indices! Traders raise expectations for the Federal Reserve to cut interest rates this year.
Broadcom fell more than 6% pre-market, Q3 semiconductor business revenue growth slowed, Q4 revenue guidance is below expectations; Citigroup trader: The Fed will not hesitate to cut interest rates, expected to cut 50 basis points at each of the three meetings this year.
Express News | uk 10-year treasury notes yield is currently 21 basis points higher than u.s. 10-year treasury notes yield, marking the largest yield spread in the past year.
Express News | The U.S. 10-year Treasury notes yield fell to 3.657%, the lowest level since June 2023.