Previous Trading Days Events 05.04.2024

According to the critical U.S. labour market figures on Friday, more workers were hired than expected in March while wages rose, suggesting the economy ended the first quarter on solid ground and potentially delaying anticipated interest rate cuts from the Federal Reserve this year.

Nonfarm payrolls increased by 303K jobs last month, significantly higher than the revised 270K as previously reported.

TIM GHRISKEY, SENIOR PORTFOLIO STRATEGIST, INGALLS SNYDER, NEW YORK Its very strong payrolls data well above the prior month and well above expectations. So it really just shows this is a very strong economy. A strong economy provides less need for the Fed to lower interest rates, and weve seen that impact in the stock market over the past several weeks. Fed speak has been more hawkish, meaning they are not in any hurry to lower rates. Its smart. They are keeping their ammunition for when its needed.

CHRIS LARKIN, MANAGING DIRECTOR TRADING AND INVESTING, ETRADE FROM MORGAN STANLEY, NEW JERSEY Todays big upside surprise in the jobs report may not have closed the door on a June rate cut, but theres a little less daylight coming through than there was a day ago. This will make next weeks CPI and PPI even more important.

BEN LAIDLER, GLOBAL MARKETS STRATEGIST, ETORO, LONDON This report has piled even more pressure on the two big numbers next week, which is the U.S. inflation report on Tuesday and I think expectations well be for a…