Low unemployment and progress in Beijing have colored Wall Street in green

04.05.2018 / 19:57

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Global indices registered their biggest growth this week, accumulating the April report on new jobs in the United States. Unemployment in the United States reached its 18-year low at 3.9%. The US Labor Force Report will also have a strong influence on the Fed in the next key interest rate decision. Good news on unemployment will add to the strong expectations that currently point to a 92.1 percent chance of rising interest rates. This could give a boost to USD next week.

On the other hand, the stock market reflects the progress of US and Chinese official authorities on the issue of the trade war. In spite of the sparks that shift mostly from the US, it seems that the two sides will reach an agreement, different from a trade war.

Source: Bloomberg Pro Terminal

Trader Georgi Bozhidarov

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Low unemployment and progress in Beijing have colored Wall Street in green

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