WS #11494
US June nonfarm payrolls miss at 57K vs 113K expected, lowering probability of a September rate hike to ~50%, supporting risk assets and weakening the dollar. Apple plans five new iPhones including a $2,500 foldable, raising production target to 10M units, fueling investor enthusiasm but with revenue impact expected in FY2027.
Weak US Jobs Data and Fed Rate Path
US June nonfarm payrolls miss at 57K vs 113K expected, lowering probability of a September rate hike to ~50%, supporting risk assets and weakening the dollar.
Apple plans five new iPhones including a $2,500 foldable, raising production target to 10M units, fueling investor enthusiasm but with revenue impact expected in FY2027.