Daily Market Commentary

May 7, 2021

Bonds & Stocks
U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market.

Payrolls rose 266,000 after a downwardly revised 770,000 March increase, according to a Labor Department report Friday that fell well short of projections. Economists in a Bloomberg survey projected a 1 million hiring surge in April.

China's exports rose more than expected in April, suggesting its trade out-performance would last longer than expected this year, fueled by global fiscal stimulus.

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