“A slight softening there in terms of that employment measure, you would have thought might be supportive for US stocks under these circumstances,” he told Sky News Australia
“We’ve seen quite the opposite at the moment the market just recovering off its worse levels of the session.“It’s clear the markets are quite anxious” ahead of the official non-farm payroll figures which will be realeased on Friday night, he said.
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ASX set to open up 0.25 percent following mixed results on Wall StreetCommSec’s Tom Piotrowski says the Australian share market is set to open up by 0.25 per cent which is 'at odds” following the US markets. “We had the second iteration of Jerome Powell's testimony in congress overnight … he did qualify the fact that the desire to raise rates more aggressively would have to be accompanied by stronger economic news,” he told Sky News Australia. “That’s why the jobs data of the day was prominent because this is the private measure of jobs growth – it was much stronger than what the market had expected. “Another measure, which looks at job openings, showed that for every American looking for a job, there are almost two available. “This just gives you an indication of the strength of the US job market”. Presented by CommSec. I think 🤔 it will drop today but only by a small amount
Source: SkyNewsAust - 🏆 7. / 78 Read more »