The Dow Jones started trading a little easier. In the end, too, it initially remained just in the loss zone, but then ended trading 0.30 percent firmer at 33,586.52 points. The tech-heavy one NASDAQ Composite fell back more clearly at the start and then also retained its negative tendency. However, he was able to reduce the losses by the end of trading and ended the day down 0.03 percent at 12,084.36 points.
Since the US stock exchanges were closed on Friday, investors were only able to react today. In Europe, trading will only resume on Tuesday. The report continued to show robust developments in the US labor market in March. Employment growth remains at a high level. The already very low unemployment rate fell and wage growth accelerated somewhat.
The labor market has also shown itself to be very robust in recent months. The key rate hikes by the US Federal Reserve, which began more than a year ago, had hardly had any impact for a long time. Strong wage growth in particular is making it more difficult for the Fed to fight inflation. Recently, however, there have been increasing signs of a slight slowdown in the labor market. For example, the number of vacancies in February fell below ten million for the first time in 2021. It remains to be seen how the recent turbulence in the US banking sector will affect the labor market. There is still uncertainty on the financial markets as to whether the Fed will raise the key interest rate again by 0.25 percentage points in May.
Editorial office finanzen.net / dpa-AFX
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