Group 1: US Economic Data - In August, non-farm employment in the US increased by only 22,000, significantly below the market expectation of 75,000[2] - The unemployment rate rose to 4.3%, the highest level since 2021[2] - Job vacancies in July were revised down to 7.181 million, a 10-month low, and below the expected 7.382 million[2] - Initial jobless claims increased by 8,000 to 237,000, the highest since June, exceeding the expected 230,000[2] Group 2: Federal Reserve Policy - The probability of a 25 basis point rate cut in September rose from 86.4% to 100%[2] - The average expected policy rate for the end of 2025 decreased from 3.69% to 3.55%[2] Group 3: Global Economic Indicators - Eurozone's August CPI rose by 2.1%, surpassing the expected flat reading of 2%[2] - Japan's nominal wages in July increased by 4.1%, the largest growth since December of the previous year[2] Group 4: Market Reactions - Global stock markets showed mixed performance, with US tech stocks gaining while European stocks declined[2] - Gold prices surged significantly due to concerns over the Federal Reserve's independence and weak employment data[2]
海外宏观周报：美国就业数据全线走弱-20250908
Ping An Securities·2025-09-08 03:15