Overview

• U.S. job growth in December significantly exceeded expectations, with 256,000 jobs added compared to the forecasted 155,000.
• The U.S. unemployment rate fell to 4.1%, further reducing the likelihood of imminent Federal Reserve interest rate cuts.
• Major U.S. stock indices, including the Dow Jones and Nasdaq, saw sharp declines, with the Nasdaq dropping by 2% during Friday trading.
• European markets, including the DAX, also faced losses, though Germany's DAX showed relative resilience with a 0.5% decline to 20,214.79 points.
• Rising bond yields and inflation concerns contributed to market volatility, with U.S. Treasury yields hitting their highest levels since 2023.