Wall Street anticipates jobs and bond data
Wall Street is awaiting the May employment report, which is expected to show an addition of 85,000 jobs with an unemployment rate of 4.3%. The data comes amid concerns over persistent inflation and the possibility of interest rate hikes, after the Personal Consumption Expenditures (PCE) index rose by 3.8% over the year ending in April, the highest increase since May 2023. Markets are also experiencing a rebound led by technology stocks, supported by strong results in the artificial intelligence sector, with the results of Broadcom being one of the key tests for this sector ahead of their release.
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