Market Overview 2018-07-09

On Friday, the most anticipated macro-economic news release were the non-farm employment change and the unemployment rate. The NFP rose by 213k in the previous month, while the consensus estimate was creation of 195k jobs. The jobless rate came with an unexpected result where it rose to 4.0% from 3.8%, thus missed the expectation that it would remain at the same level, while wage inflation grew 2.7% on an annualized basis in June.

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