Morning View
In the US, June employment data surprised on the upside
International
On Thursday, the last US business day before the 4th of July holiday, employment data for June were released. The unemployment rate came in at 4.1%, down from 4.2% in May and below the 4.3% projected by the analyst consensus. In addition, 147,000 new jobs were created in the month, higher than the 139,000 jobs created in May and the projection of 106,000.
In this context, the main US equity indices experienced widespread gains at the end of the week. The S&P 500 rose +0.8%, as did the Dow Jones, and the Nasdaq led the way with a +1% gain. So far this year, the indices are up +6.8%, +5.4% and +6.7%, respectively.
Finally, US Treasury yields widened across the curve. The 1-year bond extended its yield to 4.07%, up from 3.99% previously. The 3-year bond advanced to 3.84% from 3.76%, and the 10-year bond closed at 4.35%, also up from 4.28%.
Fuente: PUENTE Hnos, Bloomberg
Major US equity indices advanced on Wednesday.
International
The major US equity indices gained ground on Wednesday. The S&P 500 rose +0.5%, while the Nasdaq rose +0.9% and the Dow Jones closed neutral. So far in 2025, the indices are up +5.9%, +5.6% and +4.6%, respectively.
As for US Treasury yields, they widened slightly across the curve. The 1-year bond closed unchanged at 3.99%, while the 3-year bond rose from 3.74% to 3.76%, and at the long end, the yield on the 10-year bond stood at 4.29%, up from 4.24% previously.
On the other hand, in the United States, the job creation data measured by the private agency ADP (Automatica Data Processing) was published, which showed a fall of -33,000 jobs in June, when +99,000 new jobs were expected to have been created. In the Eurozone, the May unemployment figure was released at 6.3%, slightly above the 6.2% expected by the analysts' consensus.
Fuente: PUENTE Hnos, Bloomberg
