{"id":119664,"date":"2025-09-03T14:30:30","date_gmt":"2025-09-03T11:30:30","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=119664"},"modified":"2025-09-03T14:30:54","modified_gmt":"2025-09-03T11:30:54","slug":"equities-report-us-employment-data-ahead","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/en\/equities-report-us-employment-data-ahead\/","title":{"rendered":"Equities report: US Employment data ahead"},"content":{"rendered":"\n

Since the start of the week the NASDAQ 100, S&P500 and the Dow Jones 30 have moved lower. We are to review the upcoming release of the US Employment data on Friday, the recent development\u2019s in regards to Google\u2019s court case, the recently announced license restrictions on TSMC and are to conclude the report with a technical analysis of S&P 500\u2019s daily chart.<\/p>\n\n\n\n

US Employment data out on Friday<\/strong><\/a><\/h2>\n\n\n\n

The US Employment data for August are due to be released this Friday. The current expectations by economists are for the Non-Farm-Payrolls figure to come in at 74k marking a minimal and possibly an irrelevant improvement from last month\u2019s figure of 73k and for the unemployment rate to increase from 4.2% to 4.3%. In turn the grander picture of the US Employment data, tends to imply a loosening labour market which may aggravate calls for the Fed to cut rates in their next meeting and potentially increasing the market\u2019s expectations of a rate cut in the Fed\u2019s next meeting as implied by the Fed Funds Futures. Such a scenario could provide support for the US Equities markets, whereas should the data tend to imply a stronger than expected labour market, it could have the opposite effect and could thus weigh on the US stock markets.<\/p>\n\n\n\n

Alphabet\u2019s stock finds some reprieve after Google is spared.<\/strong><\/h2>\n\n\n\n

A court ruling last year had sparked concerns that Google could be forced to be split up, after a court found that the company had created an \u201cillegal monopoly\u201d. The US Department of Justice had argued that Google (#GOOG) should have to sell its Chrome browser and possibly its Android operating system, yet that will not be the case with the FT reporting that the Judge\u2019s sentence took into account the threat to Google\u2019s search engine posed by artificial intelligence chatbots. Nonetheless, the overall narrative is that Google has apparently been spared the worst possible scenario and thus shares in the company may have found some support following the announcement.<\/p>\n\n\n\n

US imposes limits on TSMC<\/strong><\/h2>\n\n\n\n

The US Government has revoked TSMC\u2019s (#TSMC) authorisation to ship US chipmaking tools to China without requiring a license, according to the FT. The issue stems from TSMC\u2019s facility in Nanjing China, which mass produces chips that are used in consumer electronics and other industrial applications and thus worries from the US Government may be that China could have access to those tools. Although not an outright ban, the requirement of a license to export US chipmaking tools to China showcases the concern emerging from the US in regards to China\u2019s chip manufacturing capabilities and its rapid technological developments. Overall, should the Trump Administration impose further limitations on chipmakers, which may hinder their business practices, it could weigh on their stock prices. On the other hand, should no further restrictions be implemented, there may not be a longer-term bearish impact on the company\u2019s stock price.<\/p>\n\n\n\n

Technical Analysis<\/u><\/strong><\/h2>\n\n\n\n

US500 Daily Chart<\/strong><\/h2>\n\n\n\n
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