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NFP Missed forecast 140,000; Actual 136,000…Positive Surprise Drop in Unemployment Boost Stock Indices

Oct 4, 2019 (14:09)

by John Knobel

US Unemployment rate falls to 3.5% from 3.7%
Earnings rose 2.9% weaker than expected
These number seem to play into the hands of the US FED to make a move for a 3rd straight interest rate cut this month
Stock markets reacting positive to data implying that these results are good enough to support higher prices

Source: FXGM / Bloomberg

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