Piazza Affari marks a bullish path in the futures market after the long Easter weekend. Among Friday s macro news, the U.S. Labor Department report showed nonfarm payrolls increased by 236,000 jobs. | April 11, 2023
CANBERA (dpa-AFX) - The U.S. dollar climbed against its major counterparts on Friday, as investors awaited U.S. jobs data later in the day for more clues about the strength of the labor market.Economists
we were very much focused on the nonfarm payroll numbers. also a lot of focus on the very strong wage numbers as well. all of this led the investment community to reassess the expectation that fed may have to slow down with the rate hikes. not a good thing for stock markets if they press on with the interest rate hikes. as for today, the focus is shifting to ism services dwrat that comes out later today. later on the week, we ll be watching out for initial jobless claims and consumer confidence numbers. again, i think the big focus for the investment community is going to be on that next fed meeting in a week s time. john? so a lot of news right now about oil. opec and theal highs including russia are not changing their targets for shipping oil to the global economy amid new western sanctions against the kremlin. we also have a new enforcement here, the u.s. and europe, about price caps for russian oil. so what is this going to mean