Traders lose interest in America’s jobs report
Markets react less to jobs data than they did before the financial crisis
BY 9.30PM ON the first Friday of the month, the bars in Marunouchi, Tokyo’s financial district, used to empty out as foreign-exchange traders returned to their desks. London’s investment bankers, back from lunch, would be sharp and alert, helped by a rare early night. All awaited perhaps the world’s most important data release: America’s jobs report.
This article appeared in the Finance & economics section of the print edition under the headline “Knocking off work”
Finance & economics February 8th 2020
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- Companies warn of an economic crisis as China battles coronavirus
- What the coronavirus means for financial markets
- Traders lose interest in America’s jobs report
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- Ujjivan is a rare bright spot in Indian finance
- The culture wars between economists and markets practitioners
- Economists discover the power of social norms
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