Markets News

Better-than-expected non-farm payrolls data led to a surge in expectations of a Federal Reserve interest rate hike, causing the Nasdaq to plummet by 4%!

· US nonfarm payrolls increased by 172,000 in May, exceeding expectations, while the combined job gains for March and April were revised upwards by 93,000. The market has fully priced in a 25 basis point rate hike by the Federal Reserve before the end of the year. This news is bullish for the US dollar. · OPEC+ will raise its production target by 188,000 barrels per day starting in July. This news is bearish for crude oil. · SpaceX and Google have reached a cloud service agreement involving 110,000 NVIDIA GPUs, CPUs, and memory. This news is beneficial to NVIDIA, Google, and SpaceX.

Harvey

2026-06-08 08:30:00

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