The 'stagflation trade' is sweeping through the markets. At 8:30 PM tonight, how poor does the non-farm payroll data need to be in order to reignite expectations for interest rate cuts?

The U.S. April non-farm payroll data will be released tonight, with the market expecting an increase of approximately 65,000 jobs. Amid high inflation and the reverberations of the Middle East situation, 'stagflation trades' have become the main theme on Wall Street, with expectations for interest rate cuts this year nearly evaporating. Goldman Sachs believes that unless the unemployment rate surges to 4.5% or employment records a deep negative growth, a single weak data point is unlikely to create room for rate cuts. Conversely, if the data comes in stronger than expected, it could force the market to reprice the risk of rate hikes, pushing up U.S. Treasury yields.

wallstreetcn17:20

Pre-market US stock outlook | Non-farm payroll data to be released at 20:30, with moderate gains in the three major futures indexes; NVIDIA invests $2.1 billion in IREN, causing IREN’s pre-market price to surge over 10%; high-performing stock RKLB rises n

Non-farm payroll data to be released at 20:30, with three major futures indexes slightly rising; NVIDIA invests $2.1 billion in IREN, causing IREN's pre-market price to surge over 10%; high-performing stock RKLB rises nearly 8%, and MP increases nearly 5%.

Futu News14minutes ago

U.S. stocks rose before the market open as investors focused on escalating tensions in the Middle East and awaited the employment report.

Major U.S. stock indexes edged higher before the market opened on Friday as investors monitored escalating tensions in the Strait of Hormuz and awaited a key employment report for April. The S&P 500 rose 0.4% before the opening bell, while the Dow Jones Industrial Average added 0.2%, and the Nasdaq Composite climbed 0.6%. The three major indexes had closed lower the previous day, halting a two-day rally. The U.S. and Iran exchanged fire in the Strait of Hormuz on Thursday, with both sides accusing the other of initiating the attack. The U.S. Central Command stated that its forces intercepted an “unprovoked” Iranian attack and conducted “defensive” counterstrikes as a U.S. Navy destroyer transited the strategic waterway en route to the Gulf of Oman; Iran claimed that the U.S. struck multiple targets both inside and outside the strait.

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This Week's Bull Stocks in the US Market | Datadog surged 34% this week, with Q1 revenue surpassing expectations and the company raising its full-year guidance; Micron Technology gained 19%, with the CEO indicating that memory shortages will persist until

This week, the Dow Jones Industrial Average rose by 0.2% to close at 49,596.97 points. During the same period, the S&P 500 Index gained 1.48% to reach 7,337.11 points, while the Nasdaq Composite Index surged 2.75% to end at 25,806.2 points.

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