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● LIVE Updated 55m ago · 14 sources tracked

Dow futures fall after much stronger-than-expected jobs report: Live updates

Global assets are retreating following a US jobs report that added 162,000 positions, nearly triple expectations. This data increased bets that the Federal Reserve will raise interest rates, pushing gold prices lower and extending a four-week losing streak for India's Sensex and Nifty 50. Meanwhile, the Australian share market fell as oil prices hit a seven-week high due to escalating tensions between the US and Iran. Market volatility persists as investors await upcoming inflation data and the first major test for Apple's new CEO.

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What changed

Gold prices fell and the Australian share market declined amid rising oil prices and US-Iran tensions.

Live updates

  1. Global markets slide as US jobs data fuels rate hike bets and geopolitical tension

    Global assets are retreating following a US jobs report that added 162,000 positions, nearly triple expectations. This data increased bets that the Federal Reserve will raise interest rates, pushing gold prices lower and extending a four-week losing streak for India's Sensex and Nifty 50. Meanwhile, the Australian share market fell as oil prices hit a seven-week high due to escalating tensions between the US and Iran. Market volatility persists as investors await upcoming inflation data and the first major test for Apple's new CEO.

    Why it matters

    Stronger employment data often signals a heating economy, which prompts central banks to raise rates to curb inflation. Higher rates typically decrease the appeal of non-yielding assets like gold and increase borrowing costs for equities. Geopolitical instability in the Middle East adds a layer of energy price volatility to these macroeconomic pressures.

    What is confirmed

    • The US added 162,000 jobs in August, roughly triple expectations.
    • The Indian Sensex and Nifty 50 extended a four-week losing streak on Monday.

    Still unconfirmed

    • The collapse of the Bathla Group has exposed issues within private credit.
    • Oil prices reached a seven-week high due to flare-ups in US-Iran tensions.
    • Gold prices edged lower on Monday due to reinforced Federal Reserve rate hike expectations.

    What to watch next

    • Upcoming inflation data releases
    • Performance of Apple's new CEO during their first major test
    Sources used for this update (4)
    1. timesofindia.indiatimes.com — Gold Silver Rate Today Live Updates: Bullion prices slip as strong US jobs data boosts rate hike bets
    2. economictimes.indiatimes.com — Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex falls over 450 pts, Nifty below 23,800; IT, media indices shed up to 3%
    3. www.cnbc.com — Here are the 3 big things we're watching in this holiday-shortened trading week
    4. www.abc.net.au — Markets live updates: Building company collapse exposes private credit issues, ASX down as US-Iran tensions flare up
    confidence 90%

  2. Bitcoin Slips Under $80K As Strong US Jobs Data Spurs Rate Hike Bets

    Bitcoin dropped below $80,000 and exchange-traded fund inflows collapsed 76% in a single day following an August employment report that showed the United States added 162,000 jobs, roughly triple expectations. The unemployment rate stayed unchanged at 4.1%, driving up rate hike expectations across global markets. In India, equity benchmarks finished lower on Monday as the BSE Sensex fell 382.62 points, or 0.50%, to end at 76,132.81, while the Nifty 50 slipped 118.55 points to close at 23,779.

    Why it matters

    The stronger-than-expected August employment figures triggered immediate downside pressure on digital assets, equities, and commodities as investors braced for tighter central bank policies. Bank of America pointed to the upcoming September 11 Consumer Price Index as the more decisive signal for the Federal Reserve rate path. Meanwhile, European shares remained subdued due to an oil surge fueling inflation and European Central Bank rate hike bets.

    What is confirmed

    • The United States added 162,000 jobs in August, which was roughly triple expectations.
    • The US unemployment rate remained unchanged at 4.1% in August.
    • The BSE Sensex fell 382.62 points, or 0.50%, to close at 76,132.81 on Monday.
    • The Nifty 50 declined 118.55 points, or 0.50%, to finish at 23,779 on Monday.

    Still unconfirmed

    • Bitunix analysts reported that Bank of America flagged the September 11 CPI as the more decisive signal for the Fed rate path.

    What to watch next

    • The September 11 Consumer Price Index release for clearer signals on the Federal Reserve rate path.
    • Further price action in Bitcoin and daily ETF inflow metrics.
    • Subsequent moves in European and US equities responding to oil surges and inflation data.
    Sources used for this update (5)
    1. finance.yahoo.com — Bitcoin Drops Below $80K After Strong Jobs Data, ETF Inflows Collapse 76% In A Day
    2. www.briefs.co — 30-year Treasury Yield Clears 5% in May and July, Highest Since 2007
    3. finance.yahoo.com — US Adds 162,000 Jobs, Triple Expectations, Putting Bitcoin, ETH and XRP on Rate Hike Watch
    4. timesofindia.indiatimes.com — Stock Market Highlights: Sensex ends 383 points; Nifty slips below 23,800;
    5. economictimes.indiatimes.com — Global Market: European stocks subdued as oil surge fuels inflation, ECB rate hike bets
    confidence 90%

  3. Dow Futures Fall After Stronger-Than-Expected US Jobs Report

    Wall Street stocks and Treasury yields moved lower on Friday following a surprisingly strong August jobs report that triggered prospects of an interest rate hike. US nonfarm payrolls surged during the month while the unemployment rate held steady at 4.1%. The robust economic data propelled the US dollar higher, which in turn weakened the Canadian dollar and prompted a correction in gold and silver prices in India. Meanwhile, Indian equity benchmarks experienced strong divergence at the opening bell, with Sensex jumping roughly 0.7 percent.

    Why it matters

    Market participants previously awaited the US employment figures to gauge the direction of monetary policy. The latest hiring rebound shifts expectations regarding potential central bank interest rate adjustments. Commodities and foreign exchange markets reacted immediately to the stronger-than-forecast labor statistics.

    What is confirmed

    • US nonfarm payrolls surged in August while the unemployment rate remained steady at 4.1 percent.
    • Stocks fell and Treasury yields rose after a surprisingly strong report on the job market.
    • The Canadian dollar weakened as the strong US payrolls report pushed the US dollar higher.

    Still unconfirmed

    • The strong US jobs report raises prospects of an interest rate hike.

    What to watch next

    • Further central bank commentary on monetary policy responses to the August employment data
    • Subsequent trading sessions to determine if the downward pressure on stock futures persists
    Sources used for this update (9)
    1. CNBC — Stock futures are little changed as traders await August jobs report: Live updates
    2. economictimes.indiatimes.com — Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex rallies over 500 pts, Nifty above 23,900; financial, oil and gas stocks rise
    3. The New York Times — Jobs Report: Live Updates on Hiring, Economy and Markets
    4. USA Today — Data showed hiring rebound in August. Where were all the jobs?
    5. Reuters — US nonfarm payrolls surge in August; unemployment rate steady at 4.1%
    6. Bloomberg.com — US Stock Futures Steady Ahead of Key August Jobs Data
    7. www.mcall.com — Stocks fall after a surprisingly strong jobs report raises prospects of an interest rate hike
    8. www.cnbctv18.com — Gold, silver prices fall on MCX: What’s driving the correction
    9. uk.finance.yahoo.com — Canadian dollar falls after jobs shock as strong US payrolls boost dollar
    confidence 100%