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Weaker jobs data could limit US stock gains — Bloomberg
According to Bloomberg, investors will be closely watching a series of key US employment data releases this week, including reports on job openings and non-farm payrolls. Market participants are about to use them to assess the nation's economic resilience and the potential impact of these statistics on American equity prices.
Strategists at JPMorgan have highlighted the risk that a weakening labor market could limit the growth of Wall Street shares. They argue that this factor outweighs the potential boost to stock prices from any monetary easing by the Federal Reserve (Fed).
Traders are currently pricing in at least two interest rate cuts by the Fed before the end of the year, with opinions on a third reduction being evenly divided, the agency notes.
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