Market Brief
Daily market recaps with key events, stock movements, and global influences
26 posts • OpenAI (o3)
Updated
More breaking stories on DeepNewz — updated live.
GS: We estimate nonfarm payrolls rose by 85k in June, below consensus of 110k and the three-month average of +135k. We estimate private payrolls increased 85k (vs. consensus +102k). Alternative Data Indicated a Weaker Pace of Job Growth in June
GOLDMAN SEES JUNE JOBS REPORT MISSING FORECASTS Goldman Sachs expects June U.S. payrolls to rise by 85,000, below the 110,000 consensus. They cite falling federal jobs, Trump’s immigration clampdown, and tariffs hurting manufacturing. Goldman also sees unemployment ticking up to
Goldman Sachs expects June employment report to fall short of expectations Goldman Sachs expects 85,000 new jobs in the US in June, below the consensus of 110,000. They pointed to the reduction in federal jobs, Trump's immigration crackdown, and the impact of tariffs on manufacturing. Goldman Sachs also expects the unemployment rate to rise to 4.3% from 4.24% in May.
So far, high frequency indicators show that #job growth has slowed and #jobless claims have edged higher, suggesting the #unemployment rate may resume its climb in June, chart @GoldmanSachs
Forecasters anticipate a monthly report on US employment will show slower hiring and the highest unemployment rate since 2021 as the Trump administration’s trade and immigration policy shifts start to leave an imprint
Risk is flat with slight RTY outperformance as we walk in NFP day. Gilts recovered from yesterdays vigilantism following a message of 'support' for Reeves from Labour. All eyes on NFP at 8:30. The bar is low for a beat. ADP yesterday got the market even more excited for a
A slew of data is expected on the U.S. economic front. The Labor Department is set to publish nonfarm payrolls numbers, which are likely to increase by 110,000 jobs in June after a rise of 139,000 in May. The manufacturing sector may have shed 5,000 jobs in June. The unemployment
$USD mostly firmer even though risks on the jobs report is on the downside, and most final PMI readings have been revised higher. UK drama has receded after Starmer's support for Reeves. Gilts recover. See
