Financial markets are awaiting the July U.S. jobs report, with expectations for nonfarm payroll growth between 80,000 and 83,000 and a slight unemployment uptick to 4.3%. Concurrently, U.S. 10-year Treasury yields rose to 4.67% on solid data, while the Japanese Yen was impacted by Treasury interventions. Geopolitical tensions in the Strait of Hormuz also drove WTI crude oil prices up by 3.60% to $77.93 per barrel.
A surprise contraction of 23k in July nonfarm payrolls sparks recession fears and pressures the Federal Reserve's upcoming monetary policy path.
Read the full storyUS non-farm payrolls fell by 23,000 in July 2026, missing growth forecasts and sparking broad-based US Dollar weakness.
US indexes reached new peaks as non-farm payrolls fell by 23k and wage growth slowed to its lowest level since 2021.
The US economy lost 23,000 jobs in July, while the unemployment rate fell to 4.1% due to a shrinking labor force rather than job creation.
July's weak Non-Farm Payroll report shifted September Fed expectations toward a hold, as geopolitical risks keep oil prices above $80.
US nonfarm payrolls unexpectedly contracted in July, driving gold to a seven-week high as markets scale back Federal Reserve rate hike expectations.
The US economy lost 23,000 jobs in July, prompting traders to scale back expectations for a hawkish Federal Reserve stance.
The U.S. economy lost 23,000 jobs in July, leading markets to price in a lower probability of a September Fed rate hike following the unexpected contraction.
ING forecasts July payrolls at 70k with unemployment potentially rising to 4.3%, signaling a possible modest decline for the US dollar.
US 10-year yields hit 4.67% on resilient economic data, while oil prices surged 3.60% due to geopolitical risks in the Strait of Hormuz.
Investors await July U.S. employment figures for market direction as Middle East tensions weigh on crude oil and currency interventions impact the Yen.