The last session of the week starts higher for Wall Street after the release of the US labor market data in May, with weak data on job creation offset by the sharp drop in the unemployment rate. Purchases on the American market thus prevail, with the Dow Jones index increasing by 0.32%, while the S & P500 index and the Nasdaq index rising by 0.55% and 0.83% respectively.
In particular, the US economy created 559,000 new jobs in May. The figure was worse than expected, with analysts forecasting an increase in employment of 675,000. Hourly wages jumped an average of 2% on an annual basis, more than the estimated + 1.6%. The unemployment rate fell from 6.1% in April to 5.8%, better than the 5.9% expected.
Faced with this update, investors are betting that Powell’s Fed will keep monetary strategies unchanged at the June meeting, with purchases in the Quantitative Easing plan standing at $ 120 billion a month.