Stronger-than-expected US jobs data lifted equities to record highs, while record-low US consumer sentiment and a soft Canadian labor report provided a mixed macroeconomic backdrop.
Key Takeaways
- 1.A stronger-than-expected US nonfarm payrolls report (115k vs 65k expected) boosted global equity markets and risk appetite.
- 2.US consumer sentiment fell to a record low driven by inflation concerns, despite the strong labor market data.
- 3.Canada's April labor report was weak, with an unexpected rise in the unemployment rate to 6.9%.
Table of Contents
- Events round-up
- Good morning
- Coming up
- Currencies
- Other FX
- Equities
- Commodities
- Interest Rates
- Carbon Price
- Policy Meeting Run
- NZ Government Bonds
- NZ BKBM and Swap Yields
- NZ Inflation-Indexed Bonds
- NZD exchange rates
- NZD/USD Forward Points
- NZD/AUD Forward Points
- Contact Details
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Authors
Stuart RitsonStephen ToplisDoug SteelJason Wong
Securities
SPXBrent CrudeUS 10-year Treasury noteNZDUSD
Themes
Labor Market ResilienceInflation AnxietyGeopolitical De-escalation
Regions
North AmericaAsia PacificEuropeUnited StatesNew ZealandCanada