The previous trading week was rich in publications of statistical reports. However, most of all, investors were expecting the key labor market report from the US. The situation on the labor market is one of the key landmarks for the FRS to make decisions regarding its monetary policy. The issued labour statistics on the US market turned out to be rather ambiguous demonstrating a sudden slowdown in growth of new jobs in August and an unexpected acceleration in growth of average hourly pay. The number of new jobs grew 235,000 in August, which is a record-low since January 2021, whereas analysts expected the above-mentioned indicator to hike 750,000. The rate of unemployment declined to 5.2% from 5.4%, as expected. At the same time, the number of initial applications for unemployment benefits dropped to a record-low since March of the previous year and landed at 340,000. On the whole, these data are indicating that the curtailing of the QE program will not be officially announced in September. This is a moderately positive factor for the stock market and the US dollar.
Foreign currency cash outside banks continues growing. Ukraine redeemed Eurobonds according to the schedule.

Financial markets survey 6.09.2021