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Trump Criticizes Iran as Talks Stall; NFP Expected to Show 60K New Jobs Next Week

GateNews
ForexCommodities

According to PANews, President Trump on May 3 criticized Tehran’s leadership for blocking a deal to end a nine-week conflict driving a global energy crisis, saying Iran’s demands are unacceptable. Some traders, however, interpreted his remarks as negotiating tactics rather than abandonment of peace efforts. Investors will focus on next week’s economic data releases. Economists forecast April’s nonfarm payroll report, due Friday, will show robust job growth of 60,000 new positions, accelerating wage growth, stable unemployment, and rising labor participation. Private sector employment gains are expected to be even stronger, according to a Bloomberg survey.

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