Dish the day before the U.S. Department of Labor announced in November the U.S. non-farm employment increased by only 3.9 million people, far less than economists were expecting 15.5 million. Moreover, the overall U.S. unemployment rate unexpectedly rose to 9.8% for this year, the highest level since April, which is a major disappointment to many investors. After the data, the dollar took a hit, and fell across the board after the stock market opening.
However, with the transactions carried out three major stock indexes began to decline narrowed, mainly because some investors about the job data are suspect, that seasonal factors had a great impact on its, so it may be When the data is released next month increased.
Analysts also pointed out that less than expected employment data for the market to some extent is not considered bad news, because it may mean that the U.S. Federal Reserve will accelerate its pace of implementation of quantitative easing policy, and even more to stimulate the introduction of measures.
In addition to employment data, other data released the day the whole positive, the stock market played a supporting role. According to the U.S. Commerce Department's report, in October U.S. factory orders were down 0.9%, a decline was smaller than the market expected. The Institute for Supply Management (ISM) announced in November ISM services index was 55.0 points, slightly above market expectations.
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Wall Street ends in green, the Nasdaq at its highest in three years
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