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The US economy created 196,000 additional jobs in March, according to government data released on Friday, exceeding economists' forecasts that the economist forecast 175,000 jobs.
The strong impression of jobs for March "really killed the fears that people had a month ago"
"I think it really killed the fears that people had a month ago after this figure of 20,000," Jerry Richard Jerram, chief economist at the Bank of Singapore, told the bank's "Squawk Box" on Monday. CNBC. After a cliff "after previous jobs, the data showed a growth of only 20,000 in February, which was revised to 33,000 in the March report.
Jerram called "crazy" calls for rate cuts or more stimulus.
"The economy is still in … a very good shape," he said, calling the slowdown in the US economy "moderate to worst."
"With the latest wage data, positive and non-inflationary growth continues in the US," said Jack Chambers of ANZ Research in a morning note.
US President Donald Trump said Friday that the US economy would climb as a "spaceship" if the US Federal Reserve lowered interest rates, following the report on the strength of employment .
"The Fed remains convinced that monetary policy will continue to be established on an independent and established basis, the Fed is currently dependent on its data," Chambers said.
Investors also continued to monitor the evolution of trade between the United States and China.
The official Chinese TV channel CCTV reported on Saturday that there had been "further progress" in the trade talks that ended in Washington on Friday, Reuters reported. The US and Chinese authorities reportedly discussed a draft agreement on contentious issues such as technology transfer, the protection of intellectual property rights and the bilateral trade balance, among others.
"The ambient music remains very positive, but the market is expecting an" agreement, "said David de Garis, director of the economy and markets at National Australia Bank, in a morning note.
On the Brexit front, Britain's prime minister, Theresa May, continues to face difficulties in reaching an agreement with her suitable parliament. The United Kingdom is expected to withdraw from the European Union later in April, unless May can get a further extension of the deadline for Britain.
The pound sterling traded at $ 1.3062 for the last time after peaking above $ 1.314 last week.
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