Daily digest market movers: DXY sees drop in soft labor market figures
- ADP jobs report hints at fewer than anticipated jobs, but JOLTS suggests a tight labor market.
- For the week that ended on March 2, Initial Jobless Claims were mildly above the consensus at 217,000.
- Q4 Unit Labour Costs from the US were lower than anticipated, rising by 0.4% vs. the estimate of 0.6%.
- US Treasury bond yields continue to decline with 2-year yield falling to 4.54%.
- Markets still see the start of the easing of the Federal Reserve (Fed) in June. However, Friday’s data will shape those expectations.
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