India, July 3 -- Markets reacted to the strong jobs report from the U.S. that defied expectations. Fading rate cut expectations from the Fed following the data release sobered sentiment.
Data released just a while ago showed monthly additions to non-farm payrolls unexpectedly increasing to 147 thousand. The unemployment rate also unexpectedly declined to 4.1 percent.
The CME FedWatch tool that tracks the expectations of interest rate traders shows probability of a rate cut in July at 6.7 percent versus 23.8 percent a day ago.Wall Street Futures are trading with mild gains. Major markets in Europe are trading above the flatline. Asian markets however finished trading on a mixed note.
The six-currency Dollar Index rebounded after three day...