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US March Payrolls exposed to COVID-19? Live NFP Commentary

2020-04-03 22:37    HotForex

US March Payrolls exposed to COVID-19? Live NFP Commentary Global Markets

US equities are modestly weaker amid risk-off sentiment and an employment report that revealed a much larger than anticipated -701k plunge in March (median -100k) and a jump in the jobless rate to 8.7% from 7.0%. However, at this point markets are not shocked by huge downward swings in the indicators given the unprecedented shutdown of the economy to flatten the infection curve.

Stuart Cowell

Head Market Analyst

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