Before the U.S. stock market on Friday, January 5, the U.S. non-farm payrolls data for December exceeded expectations, and the probability of the Federal Reserve cutting interest rates in March fell to 50%, and the futures of the three major U.S. stock indexes expanded, and U.S. bonds fell across the board.
U.S. stock futures for the three major stock indexes fell and U.S. bonds fell
S&P 500 futures and Nasdaq 100 futures fell to daily lows after the release of the nonfarm payrolls data, with Nasdaq futures down 0.48%, S&P 500 futures down 0.42%, and Dow futures down 0.41%.
U.S. Treasuries extended losses, with the U.S. 5-year Treasury yield up 10bp on the day. The U.S. 30-year and 10-year Treasury yields rose in the short term, rising 6bp and 7bp respectively during the day, and are now at 4.215% and 4.08% respectively.
U.S. nonfarm payrolls rose by 216,000 in December, beating expectations of 175,000 and 199,000 in November. At the same time, wage growth in December also exceeded expectations, with average hourly earnings rising 0.4% month-on-month, beating expectations of 0.3%, and year-on-year growth unexpectedly rose to 4.1%, beating market expectations of 3.9% and accelerating from 4% in the previous month.
Media analysis pointed out that tonight's U.S. stocks are likely to end the previous nine-week winning streak, and at the same time, Apple's second downgrade in a week may also put pressure on the broader market.
The US dollar is moving higher
The DXY dollar index rose nearly 40 points in the short term and is now at 103.02.
Non-US currencies were generally lower, with the EUR/USD short-term lower by more than 40 points, the GBP/USD short-term lower by nearly 50 points, and the USD/JPY short-term higher by nearly 50 points.
Eurozone inflation rebounds European stocks fell
European stocks extended their losses, with France's CAC 40 down 1%, Germany's DAX down 0.7% and Britain's FTSE 100 down 0.7%. Preliminary data released by Eurostat on Friday showed that CPI jumped to 2.9% in December from 2.4% in November, slightly below expectations of 3.0% and the first rebound in inflation since April last year.
Eurozone government bonds extended their losses, with the German 10-year yield rising 10.50 basis points to 2.209%. Germany's 2-year yield rose 11 basis points to 2.629% the latest time. Italy's 10-year government bond yield rose 12.4 basis points to 3.914% latestly. Italy's 2-year yield rose 10.9 basis points to 3.217% latest.
Gold fell in the short term
Spot gold fell $10 in the short term and is now trading at $2,029.32 an ounce.
In commodity foreign exchange, Brent crude oil rose 0.36% to $77.87 a barrel as of press time.
WTI原油上涨0.61%至72.63美元/桶。
U.S. crude exports surged after Yemen's Houthi rebels began disrupting shipping in the Red Sea. According to the latest data released by the U.S. Energy Information Administration (EIA), U.S. crude oil exports increased by 1.377 million barrels per day to 5.292 million barrels in the week ended December 29, 2023.
(Continuously updated)
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