Wall Street rebounded sharply on Friday morning from its losses of the previous day, as the announcement of better-than-expected job creation last month reinforced the current good health of the world's leading economy.

At the end of the morning, the Dow Jones was up by just under 0.6% at 38,814.2 points, while the Nasdaq Composite was up by 1.1% at 16,230.6 points.814.2 points, while the Nasdaq Composite gained 1.1% to 16,230.6 points.

The US markets had started on a more cautious note in reaction to solid employment figures, which certainly bode well for growth, but which also fueled fears of a delay in the Fed's rate cuts.

The Labor Department reported 303,000 new nonfarm payrolls in March, compared with 270,000 the previous month, while economists were expecting only around 200,000.

Beyond the risk associated with the Federal Reserve's monetary policy stance, market participants see the good economic climate in the USA as a positive factor for equities.

The better-than-expected report is also seen as a reason for the central bank to maintain its patient, or 'data-dependent', approach.

"It doesn't really change the game and gives Jerome Powell time to organize the sequence of rate cuts", says Bastien Drut, head of strategy and economic research at CPR AM.

On the other hand, the good employment indicator weighed on Treasury bonds, taking the yield on 10-year securities to its highest level since late November, at 4.37%, after testing the crucial 4.40% resistance level.

The dollar strengthened sharply on the back of employment statistics, pushing the euro down to around 1.0830.

Gold extended its upward movement (+1%) above $2,320, with analysts at Saxo Bank forecasting a further potential advance towards the $2,500 mark for the precious metal.

For the week as a whole, the Dow Jones is currently down 2%, while the Nasdaq is down more than 1%, having already suffered losses last week.

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