Jolts job vacancies exceed 9 million expectations
JOLTs Job Openings report shows strong US job market, job growth beats expectations, shows economic vitality。
- JOLTs job openings from 892 in November.50,000 to 902 in December.60,000。
- CB consumer confidence index rose from 108 in December to 114 in January.8。
- Dollar strengthens as traders bet Fed will be more hawkish。
On January 30, traders focused on the JOLT job openings report, in which JOLT job openings increased from 892.50,000 (revised to 8.79 million) to 902.60,000, beating analysts' expectations of 8.75 million, highlighting the strong performance of the U.S. job market。Meanwhile, the Central Bank Consumer Confidence Report showed that the central bank's consumer confidence index rose to 114 this month from 108 last month..8, above analyst expectations of 115。The current situation index increased from 147 last month..2 to 161 this month.3, while the expectations index was up from 81 the previous month..9 down to 83.8。
The Conference Board commented that the rise in consumer confidence may reflect slowing inflation, expectations of low interest rates and favourable employment conditions for businesses to continue to increase their workforce.。The dollar index rose after the report and is now trying to stabilize at 103.above the 60 level, while rising Treasury yields provide more support for the dollar。Gold prices fall back below $2,035 level as traders focus on Treasury yields and dollar strength。
S & P 500 stabilizes near 4925 level after better-than-expected JOLT job openings report。However, investors are still watching the Fed's upcoming rate decision, and the Fed's policy outlook remains a key driver for stock traders。
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