Tuesday's Markets Update (April 04, 2023))

05 Apr 2023 by rate3

On Tuesday, neither the oil producers' announcement that they will reduce their production starting in May nor the JOLTs report, which showed that the number of job openings fell by 632K to 9.9M in February 2023 (the lowest level since May 2021, as market expectations were 10.4M), improved traders' mood. As a result, NASDAQ (o: 12208, c: 12126, down by 0.7 percent) and BTC (o: 28267, c: 28189, down by 0.3 percent) declined. JOLTs signaled that the labor market might have started cooling. Over the month, the largest decreases in job openings were in services (-278K) and transportation (-145,000).