Market news on May 26: S&P 500 passed 3000
Stocks, oil and GBP gain on risk-on sentiment
US NFP came below forecast
US nonfarm payrolls showed that the US economy added 98K of new jobs in March. That’s less than the forecast of 174K.
At the same time, American unemployment rate declined from 4.7% to 4.5%. Average hourly earnings showed stable growth of 0.2%.
US dollar index (DXY) fell from 100.80 towards 100.40.US dollar index (DXY) fell from 100.80 towards 100.40.
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Market news on May 26: S&P 500 passed 3000
Stocks, oil and GBP gain on risk-on sentiment
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Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?
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