{"id":137725,"date":"2021-09-03T16:47:50","date_gmt":"2021-09-03T16:47:50","guid":{"rendered":"https:\/\/precoinnews.com\/?p=137725"},"modified":"2021-09-03T16:47:50","modified_gmt":"2021-09-03T16:47:50","slug":"yields-jump-equities-waver-after-u-s-jobs-report","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/","title":{"rendered":"Yields jump, equities waver after U.S. jobs report"},"content":{"rendered":"

NEW YORK\/LONDON (Reuters) -The benchmark U.S. Treasury yield jumped on Friday on fears of rising inflation while equity markets wavered after a weaker-than-expected U.S. jobs report likely pushed back when the Federal Reserve will start to reduce its support for the economy.<\/p>

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 2, 2021. REUTERS\/Staff<\/figcaption>

U.S. employers created the fewest jobs in seven months in August as the COVID-19 Delta variant stalled hiring in the leisure and hospitality sector, but a 0.6% increase in wages and other data showed underlying economic strength.<\/p>\n

Nonfarm payrolls increased by 235,000 in August, well short of the 728,000 forecast by economists in a Reuters poll. But the unemployment rate fell to 5.2% from 5.4% the prior month, the Labor Department said.<\/p>\n

The broad S&P 500 and Dow fell as the slowdown in U.S. jobs growth raised questions about the pace of the economic recovery. But the tech-heavy Nasdaq and its global counterpart, MSCI\u2019s all-country world index, held near break-even as the report calmed fears of an imminent Fed tapering of monetary support.<\/p>\n

A taper announcement is off the table in September after the jobs report, said Lee Ferridge, North American head of multi-asset strategy at State Street Global Markets.<\/p>\n

\u201cSupport from the Fed for these markets is going to persist. Taper starts later rather than sooner. That\u2019s positive for equities, that\u2019s positive for risk,\u201d he said.<\/p>\n

\u201cAs long as the Fed is printing, then that means that the equity markets are supported by the whole QE liquidity argument,\u201d Ferridge said.<\/p>\n

MSCI\u2019s all-country world index was flat while broad STOXX Europe 600 index slid 0.65%.<\/p>\n

On Wall Street, the Dow Jones Industrial Average fell 0.23%, the S&P 500 eased 0.17% and the Nasdaq Composite edged up 0.03%.<\/p>\n

Yields on the benchmark 10-year Treasury note rose 3 basis points to 1.324%, from around 1.299% before the data was released as the jump in hourly earnings raised the inflation alarm for investors.<\/p>\n

The dollar index dropped to a low of 91.941, its lowest level since Aug. 4, and was last down 0.18% at 92.054.<\/p>\n

The European single currency edged up 0.03%. Markets are starting to react to the potential for more sustained euro zone inflation and reduced stimulus from the European Central Bank, which meets next week.<\/p>\n

In Europe, data showed that euro zone business activity remained strong last month, despite fears about the Delta variant and widespread supply chain issues.<\/p>\n

JAPAN JUMPS, CHINA EASES<\/h2>\n

Japanese shares jumped after officials said Prime Minister Yoshihide Suga would step down, setting the stage for a new premier after a one-year tenure marred by an unpopular COVID-19 response and rapidly dwindling public support.<\/p>\n

Japan\u2019s TOPIX stock index rose to a 30-year high and was last up 1.61%, with the Nikkei gaining 2%. Asian shares are still off their peaks from earlier in the year however, and lagging those elsewhere.<\/p>\n

Meanwhile, Chinese blue chips were down 0.5% and Hong Kong was off 0.72% after activity in China\u2019s services sector slumped into sharp contraction in August, a private survey showed on Friday, hurt by restrictions imposed to curb the COVID-19 Delta variant.<\/p>\n

Brent crude futures were last down 10 cents at $72.93 a barrel. U.S. crude fell 34 cents $69.65 a barrel.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK\/LONDON (Reuters) -The benchmark U.S. Treasury<\/p>\n","protected":false},"author":3,"featured_media":137724,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nYields jump, equities waver after U.S. jobs report - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yields jump, equities waver after U.S. jobs report - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"NEW YORK\/LONDON (Reuters) -The benchmark U.S. Treasury\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-03T16:47:50+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/Yields-jump-equities-waver-after-U.S.-jobs-report.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/\",\"url\":\"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/\",\"name\":\"Yields jump, equities waver after U.S. jobs report - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-09-03T16:47:50+00:00\",\"dateModified\":\"2021-09-03T16:47:50+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Yields jump, equities waver after U.S. jobs report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Yields jump, equities waver after U.S. jobs report - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/","og_locale":"en_US","og_type":"article","og_title":"Yields jump, equities waver after U.S. jobs report - Pre Coin News","og_description":"NEW YORK\/LONDON (Reuters) -The benchmark U.S. Treasury","og_url":"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/","og_site_name":"Pre Coin News","article_published_time":"2021-09-03T16:47:50+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/09\/Yields-jump-equities-waver-after-U.S.-jobs-report.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/","url":"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/","name":"Yields jump, equities waver after U.S. jobs report - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-09-03T16:47:50+00:00","dateModified":"2021-09-03T16:47:50+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/yields-jump-equities-waver-after-u-s-jobs-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Yields jump, equities waver after U.S. jobs report"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/137725"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=137725"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/137725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/137724"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=137725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=137725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=137725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}