MARKET: Jobs grew more than expected in the USA – Wall Street was on the rise

According to US Secretary of State Marco Rubio, Iran is expected to respond to the draft peace agreement today.

The bull run on Wall Street ended on Thursday, but the indices rose strongly again at the opening on Friday.

Among the major indexes, the flagship Dow Jones index rose 0.3 percent at the opening. The broad S&P 500 index was up 0.5 percent and the technology-focused Nasdaq 100 index rose 0.8 percent after trading began.

United States Secretary of State Marco Rubion According to Iran, a response to the draft peace agreement is expected during Friday. Among other things, the news covered the matter CNBC.

“We should know something today. We’re waiting for an answer,” Rubio told reporters in Rome.

President Donald Trump’s according to the statement, the ceasefire between the countries is still valid, even though the two countries have exchanged shots on Friday. Earlier this week, the United States and Iran were reported to be closer to a permanent peace than at any other time during the war.

Wall Street Journal though told yesterdaythat according to an Iranian official, the country does not agree to the opening of the strait based on an “unrealistic plan”.

The price of Brent crude oil rose above the hundred dollar mark again on Friday. At the time of the review, the price of Brent crude oil was USD 100 per barrel. The price of US WTI oil quality was slightly above 94 dollars per barrel.

Better-than-expected employment figures from the United States

In the United States, job growth in April was significantly better than expected.

According to the U.S. Bureau of Labor Statistics, April nonfarm payrolls increased by 115,000 jobs in April. A consensus compiled by Bloomberg expected growth to be just 65,000 jobs.

However, the federal unemployment rate remained unchanged at 4.3 percent in April.

A former head of the World Bank Yerbol Orynbayev according to Orynbayev, the better-than-expected employment figures are a positive indicator of the US economic situation in the short term, but according to Orynbayev, inflationary pressures still threaten to send the country’s economy into a downward spiral.

In the United States, inflation concerns have been driven especially by the war in Iran and the rise in oil prices caused by it in recent months. Economists interviewed by Reuters according to the inflationary effects of the Iran war are not yet visible in the April employment statistics.

According to economists, the employment situation in the United States is stuck in a state of “paralysis”, which is attributed to the stricter immigration policy of President Trump’s administration. Economists have called the situation a “slow hiring and slow firing” zone.

The US Federal Reserve kept its key interest rate unchanged last week between 3.50 and 3.75 percent, as expected. The Fed cited inflation concerns in its decision.