Key things to watch in tonight’s major US jobs report:
Focus on employment, wages, and the unemployment rate; the key factor is expectations for Fed rate cuts:
Strong employment and high wages → bearish for US stocks and crypto;
Weaker employment and falling wages → bullish;
If the data is so poor that it sparks recession fears, markets may fall across the board instead;
Also watch for revisions to previous figures. Hong Kong stocks are indirectly affected by the US dollar.
Focus on employment, wages, and the unemployment rate; the key factor is expectations for Fed rate cuts:
Strong employment and high wages → bearish for US stocks and crypto;
Weaker employment and falling wages → bullish;
If the data is so poor that it sparks recession fears, markets may fall across the board instead;
Also watch for revisions to previous figures. Hong Kong stocks are indirectly affected by the US dollar.