Nasdaq100 Predicting a Big Miss For The Non-Farm Payroll
- AlgoTradeAlert
- Dec 7, 2023
- 1 min read
Stock Market Update Thursday December 7, 2023 Nasdaq100 Predicting a Big Miss For The Non Farm-Payroll. Are seeing buy the rumor sell the news? The indices remained in the green through midday, Ahead of the release of November's jobs data, there was a noticeable surge in market enthusiasm, as evidenced by the Nasdaq100 climbing 1.4%. This rise brought it to within 4% of its peak from autumn 2021, reflecting a heightened sense of optimism among investors. The upcoming Non-Farm Payroll (NFP) report may provide some insights into the market's future direction, though there's a strong possibility that market conditions could remain range-bound through the end of the year.
Away from stocks, fixed income showed weakness, while the value of the greenback fell, particularly against the yen, which experienced a notable 2.5% movement. This shift can be attributed to increasing indications from the Bank of Japan (BOJ) that a policy tightening may be on the horizon.
Want to read more?
Subscribe to algotradealert.com to keep reading this exclusive post.