Market Comment | Markets focused on Fed interest rate hike prospects

Summary

Disappointing US employment data in August. Non-farm payrolls missing estimates (151K,  consensus 180K, prior 255K) although July’s data were revised upwards (from 255K to 275K). Unemployment data stood at 4.9% (4.8% previous month) while earnings increased below expectations (2.5%YoY, consensus 2.4%YoY, prior 2.6%YoY) but still remained over 2%. The employment data – decisive for the […]

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