How much inflation is there in the U.S. August non-farm payrolls data?

Barclays believes that the August non-farm payrolls figure was overstated. The robust growth was partly driven by a technical rebound in the leisure and hospitality sector as well as local education, rather than reflecting a sustained improvement in labor demand. Adjustments to the birth-death model also contributed to statistical bias. The three-month average of private non-farm payrolls, at 75,000, offers a more reliable reference. Barclays maintains its baseline forecast of a 25-basis-point rate hike in September.

wallstreetcnSep 5 10:44

Non-farm payrolls unexpectedly surge, lifting the probability of a September rate hike to approximately 60%, triggering simultaneous repricing in U.S. equities and bonds.

U.S. nonfarm payrolls for August significantly exceeded expectations, further widening market分歧 over the Federal Reserve's policy direction in September.

wallstreetcnSep 5 10:15

Timeline for "largest IPO in history" changes; Anthropic reportedly to start roadshow as early as mid-October

Anthropic is expected to begin marketing its initial public offering (IPO) as early as mid-October, with the listing scheduled to be completed a few days before the U.S. midterm elections in November.

cls.cnSep 5 09:39

Top 20 by Trading Volume | Tesla drops 6%, reigniting the "event curse"; NVIDIA builds an AI business empire, boosting equity investments to hundreds of billions of dollars; Apple's foldable iPhone may face challenges in mass production

Micron, the most actively traded U.S. stock on Friday, closed up 6.10%. Micron Technology plans to significantly increase its monthly HBM production capacity to approximately 100,000 wafers by the end of this year, nearly doubling last year’s level, in an effort to narrow the capacity gap with SK Hynix and Samsung Electronics. The company is accelerating mass production of its 12-layer HBM4 products for NVIDIA’s “Vera Rubin” architecture, expecting these products to account for 50% of its capacity by year-end, aiming to improve upon its current modest 18% market share.

Global Market BriefingSep 5 06:45

U.S. Stock Market Close | Non-farm payrolls weigh on indices; Philadelphia Semiconductor Index rises 3% against the trend; AI trades become a safe haven for capital, with SanDisk surging 12%, Micron Technology up over 6%, and Bloom Energy up over 7%; Gold

The three major indices ended their two-day winning streak. The S&P 500 fell 0.38%, and the Dow Jones Industrial Average dropped 0.51%. The Philadelphia Semiconductor Index rose 3.37%, with none of its 30 component stocks declining. Marvell Technology, an optical communications stock, surged 7.05%, while Corning gained 5.67%. Memory chip maker SanDisk jumped 11.90%. WTI crude oil dipped to $88.72 per barrel during intraday trading, marking a decline of over 2.5% for the day, before recovering nearly all of its losses. The yield on the 2-year Treasury note rose by 3.4 basis points, reaching an intraday high of 4.416%, the highest level since January 2025.

wallstreetcnSep 5 06:09

Trump downplayed the impact of war, describing the conflict with Iran as merely a "minor issue," and hinted at imminent strikes on Gaoshan.

Trump endorsed Vance’s statement on Thursday that the current situation should not be termed a “war,” asserting that military conflict between the U.S. and Iran is “not a major issue” for the United States, noting that the 18 U.S. military fatalities incurred fall far short of the casualties seen in the Vietnam and Afghanistan wars. He also stated that military action against Fordow could be taken “very soon.” Previously, he had repeatedly threatened to strike Iran’s underground nuclear facilities at Fordow.

wallstreetcnSep 5 06:02