Nonfarm payrolls jumps, indices trendless, Natural Gas surges.
MarketsFN Team
Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent. The unexpected surge occurred despite the usual downward bias in the initial September payrolls figures due to seasonal adjustments associated with the return of education workers post-summer break. The S&P 500 was heading towards its fifth consecutive weekly decline. Following the jobs report, the 10-year Treasury yield soared past its highest point this year, reaching 4.858%, a peak not seen since July 2007, before retracting slightly to 4.816%. EUR/USD remained steady at 1.0540, having recovered from an intraday low of 1.0483. XAU/USD hovered near its opening value at 1,822.91, with a $20 trading range observed during this session. Natural Gas settled at 3.26 $/BTU, marking a 3% rise from the last close.
