CandleFocus

Crypto, stock markets brace for today’s job report – It’s not looking good

Author: Content Editor
The release of the US jobs report for December is anticipated to impact various markets including equities, bonds, and cryptocurrencies. Predictions suggest that 183,000 jobs were added to the US economy in December, with a 40% chance that the figure exceeds 200,000. The unemployment rate is expected to remain steady at 4.2%, although there is a 50% chance of it increasing. The Federal Reserve's interest rate strategy is closely watched, with Treasury yields rising ahead of the data release. A stronger-than-expected jobs number could lead to a drop in equities, with the S&P 500 potentially falling by up to 1% if payrolls exceed 200,000. The cryptocurrency market also experienced declines, with Bitcoin dropping below $95,000 due to rising bond yields and expectations of strong US employment data.

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