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Russia’s oil tax revenue in March dropped by nearly half compared to a year earlier, highlighting the Kremlin’s financial strain just before the Middle East war delivered an unexpected boost to Moscow’s earnings.
Source
Bloomberg Markets
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Nonfarm payrolls were expected to increase by 59,000 in March, with the unemployment rate holding at 4.4%.
Treasuries fell as a solid reading of the US labor market prompted traders to reduce bets the Federal Reserve will lower interest rates this year.
The U.S. added a bigger-than-expected 178,000 new jobs in March and the unemployment rate fell to 4.3% last month in a sign the labor market is holding firm even as the economy undergoes another spasm of uncertainty tied to the Iran war.
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