S&P 500, Nasdaq 100 futures rise after June payrolls miss
AI Market Summary
June U.S. payrolls rose only 57k vs 115k expected, while ISM manufacturing prices paid fell sharply (82.1 to 73), reinforcing a rapid disinflation narrative and lifting rate-cut expectations. Equity index futures are firmer (S&P 500 +0.30%, Nasdaq 100 +0.80%). Separately, a Middle East "peace dividend" is pushing crude to conflict-era lows, easing inflation and margin pressure, supporting near-term risk appetite.
Impact level
● High
Affected assets
NCSISP5002USD/USDT-0.71%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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U.S. June nonfarm payrolls rose by just 57,000, far below the 115,000 consensus estimate. The ISM manufacturing prices paid index fell sharply to 73 from 82.1, marking its biggest monthly drop since July 2022. Markets read the data as a rapid cooling in inflation and a meaningful pickup in rate-cut expectations. S&P 500 futures were up 0.30% and Nasdaq 100 futures gained 0.80%, while crude slid to its lowest level since the current Middle East conflict began on hopes of a “peace dividend.”
