WS #11298
US June non-farm payrolls +57K vs +110K expected, reducing Fed rate hike odds, weakening USD, and supporting gold and equities. Japan's Rengo reported average wage hikes of 5.01%, slightly below last year's 5.25%, but still indicating persistent wage growth supporting BOJ normalization.
US Jobs Data Misses Expectations
US June non-farm payrolls +57K vs +110K expected, reducing Fed rate hike odds, weakening USD, and supporting gold and equities.
Japan's Rengo reported average wage hikes of 5.01%, slightly below last year's 5.25%, but still indicating persistent wage growth supporting BOJ normalization.