US employment growth maintained its momentum in June. Nonfarm payrolls increased by 195,000 last month, better than the 165,000 projected by economists.
Revisions added 70,000 jobs to the employment figures for April and May. The unemployment rate in June was unchanged from the previous month at 7.6 percent.
Predictably, US Treasuries fell on the news. The 10-year yield rose 22 basis points to 2.72 percent at 4 PM in New York, the highest since August 2011.
Stocks, however, shrugged off the rise in interest rates. The S&P 500 rose 1.0 percent.
Also reporting good news on Friday was Japan. Its index of coincident economic indicators rose 0.8 point in May. And in a sign that growth is likely to be maintained, the index of leading economic indicators jumped 2.8 points.
However, Germany had negative data to report on Friday. Factory orders there fell 1.3 percent in May, its second consecutive decline.
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