Company / Analytics

Analytics, 09 October 2022

Week 40 in brief

North America

A strong September US jobs report sent Wall Street stocks tumbling on Friday as investors were concerned the Fed would continue with aggressive hikes on interest rates. Even though job growth was slower than the previous month, the employment rate was also lower than expected at 3.5% versus the forecast of 3.7%, marking a 50-year low.

In the Jobs report, nonfarm payrolls increased by 263,000 for the month, compared with the Dow Jones estimate of 275,000. This was the first deceleration since April 2021, as August payroll figures came in at a 315,000 increase.

How did the major US indices perform on Friday:

What drove the US market

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

Corporate earnings season kicks off next week with several big banks and financial firms, including JPMorgan Chase, Morgan Stanley, BlackRock, and Citigroup, set to report earnings. Other major firms such as PepsiCo, TSMC, Delta Air Lines, and UnitedHealth are also scheduled to release results. Key reports on consumer and producer inflation, retail sales, and consumer confidence will become available next week. Meeting minutes from the FOMC’s latest policy meeting, held September 20-21, will be released Wednesday.

Next week could also be a big one for cryptocurrency markets, as regulatory changes may be on the horizon. The G20’s Financial Stability Board (FSB) is expected to unveil plans to regulate the crypto and decentralized finance (DeFi) industries at the coming G20 meeting in Washington on Wednesday and Thursday. This week, the U.S. Financial Stability Oversight Council (FSOC) called for greater oversight of cryptocurrency markets, particularly more volatile stablecoins.

Choose one or several trading platforms and achieve your goals with Investors Europe

Investors Europe (Mauritius) Limited is authorised and regulated by the FSC Mauritius, license C112011088. Registered address: 4th Floor, Les Jamalacs Building, Vieux Conseil Street, Port-Louis 11328, Republic of Mauritius. Registered Number: 113933.

Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures, foreign currencies, and bonds involve a high level of risk. Trading on margin comes with substantial risk as well. You must be aware of these risks before opening an account to trade. The income you may get from online investing may go down as well as up.