The US unemployment rate was 3.9% higher than expected. Non farm payroll was also so bad last month only added 150k less than expected 180k ( more importantly 50k were government jobs) .
PMI also dropped to 51.8 was expected 53
10 year Bond yield dropped further at 4.57% down 2.12% last night.
only 5% of the possibility of hike rate on December and expecting rate drops on May.
Looking at the data. it seems that they are already at the rescission. imo
The US unemployment rate was 3.9% higher than expected. Non farm...
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Last
$1.70 |
Change
-0.090(5.04%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.78 | $1.69 | $129.7M | 75.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93847 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 556968 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |