The Market Brief
Hey team. Futures are climbing following the release of the November payrolls data, which revealed much stronger-than-expected job growth.
Let’s re-cap Thursday’s session and see what’s next!
Impact Snapshot
🟥 Consumer Sentiment - 10:00am
US Added 227,000 Jobs in November, Beating Estimates
Macro Viewpoint
U.S. stock index futures climbed on Friday following stronger-than-expected November payroll data, feeling investor confidence that the Federal Reserve will proceed with an interest rate cut later this month.
The U.S. Labor Department reported a 227,000 increase in nonfarm payrolls for November, surpassing economists’ expectations of 200,000.
The unemployment rate held steady at 4.2% in November, aligning with market forecasts.
These numbers strongly support the Fed’s anticipated rate cut in December adding that two to three additional cuts in the coming year seem reasonable.
