{"id":3594,"date":"2026-01-12T17:34:52","date_gmt":"2026-01-12T06:34:52","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3594"},"modified":"2026-01-12T17:34:53","modified_gmt":"2026-01-12T06:34:53","slug":"amillex-daily-market-commentary-december-nfp-misses-expectations-but-falling-unemployment-signals-ongoing-labor-market-resilience","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/pt\/2026\/01\/12\/amillex-daily-market-commentary-december-nfp-misses-expectations-but-falling-unemployment-signals-ongoing-labor-market-resilience\/","title":{"rendered":"Amillex\u00a0Daily Market Commentary | December NFP Misses Expectations, but Falling Unemployment Signals Ongoing Labor Market Resilience\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"font-size:18px\">January 12, 2026, following the release of the year\u2019s first Nonfarm Payrolls report last Friday, global markets have entered a renewed repricing phase as investors assess mixed signals from the U.S. labor market. December job growth came in at just 50,000, well below the 73,000 expected, extending the hiring slowdown seen late in 2025. However, the unemployment rate unexpectedly fell to 4.4%,&nbsp;helping to&nbsp;cushion market sentiment and ease immediate recession concerns. Structurally, weakness in manufacturing employment contrasted with continued hiring in the government sector, highlighting an uneven labor market backdrop. Average hourly earnings rose 0.3% month-on-month, in line with expectations, suggesting wage pressures&nbsp;remain&nbsp;contained. As the first fully normalized labor report following recent government shutdown disruptions, the data reinforce a narrative of softer hiring alongside stable employment, prompting markets to shift out of holiday trading mode and refocus on macro fundamentals heading into 2026.&nbsp;<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color has-medium-font-size wp-elements-2 wp-block-paragraph\"><strong>Asset Classes and Fundamental Analysis<\/strong>\u00a0<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-3 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. U.S. Equity Market<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-4 wp-block-paragraph\" style=\"font-size:18px\"><strong>Index Performance<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5\" style=\"font-size:18px\"><strong>Dow Jones Industrial Average:<\/strong>\u00a0Closed at\u00a049,504.07, up\u00a00.48%. Supported by defensive sectors and large financial stocks, the index continued to show solid resilience.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-6\" style=\"font-size:18px\"><strong>S&amp;P 500 Index:<\/strong>\u00a0Rose\u00a00.65%\u00a0to\u00a06,967, marking a new all-time closing high and underscoring persistent bullish sentiment across the market.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7\" style=\"font-size:18px\"><strong>Nasdaq Composite:<\/strong>\u00a0Gained\u00a00.81%\u00a0to\u00a023,671.35. Ongoing momentum in AI-related themes and a rebound in heavyweight technology stocks provided\u00a0strong support\u00a0to the index.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-8 wp-block-paragraph\" style=\"font-size:18px\"><strong>Stock Spotlight<\/strong>&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9\" style=\"font-size:18px\"><strong>Tesla (TSLA):<\/strong>\u00a0Experienced sharp volatility within the\u00a0$440\u2013$450\u00a0range. With the large-scale rollout of\u00a0FSD v14\u00a0and regulatory approval for\u00a0Robotaxi\u00a0operations in select cities, Tesla has continued its transformation from a pure EV manufacturer into a leading AI robotics player. Short-term support is seen near\u00a0$430; a sustained break above\u00a0$450\u00a0could open the door to a test of\u00a0previous\u00a0highs.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-10 wp-block-paragraph\" style=\"font-size:18px\"><strong>2. Foreign Exchange Market<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-11\" style=\"font-size:18px\"><strong>U.S. Dollar Index (DXY):<\/strong>\u00a0Remained firm near\u00a099.1, trading at elevated levels. Despite expectations of further Federal Reserve rate cuts,\u00a0geopolitical\u00a0risk\u00a0premiums and safe-haven demand continued to underpin the dollar.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-12\" style=\"font-size:18px\"><strong>EUR\/USD:<\/strong>\u00a0The euro remained under pressure amid a stronger dollar and easing inflation in the eurozone, last trading around\u00a01.1637. Policy divergence between the ECB and the Federal Reserve\u00a0remains\u00a0the primary drag.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-13\" style=\"font-size:18px\"><strong>USD\/JPY:<\/strong>\u00a0The yen weakened notably, with USD\/JPY breaking toward\u00a0157.8. While the Bank of Japan has hinted at rate hikes, this has yet to offset yield differentials that continue to weigh on the yen, pushing it toward recent lows.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-14 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. Precious Metals and Commodities<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-15 wp-block-paragraph\" style=\"font-size:18px\"><strong>Metais preciosos<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-16\" style=\"font-size:18px\"><strong>Spot Gold (XAUUSD):<\/strong>\u00a0Saw profit-taking at elevated levels, trading around\u00a0$4,500\/oz.\u00a0Despite the recent pullback, expectations of lower real interest rates and ongoing structural demand from central banks continue to provide underlying support.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-17\" style=\"font-size:18px\"><strong>Spot Silver (XAGUSD):<\/strong>\u00a0Remained highly volatile, last trading near\u00a0$82\/oz.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-18 wp-block-paragraph\" style=\"font-size:18px\"><strong>Commodities<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-19\" style=\"font-size:18px\"><strong>WTI Crude Oil:<\/strong>\u00a0Settled at approximately\u00a0$59.1\/barrel, rebounding from early-year lows.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-20 wp-block-paragraph\" style=\"font-size:18px\"><strong>Key drivers:<\/strong>&nbsp;Recent U.S. measures targeting Venezuelan oil exports have drawn market attention. While global supply conditions&nbsp;remain&nbsp;broadly loose, these short-term disruptions have helped keep oil prices supported within the&nbsp;$55\u2013$60&nbsp;range.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-21 wp-block-paragraph\" style=\"font-size:18px\"><strong>4. Crypto Assets and Macro Developments<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-22\" style=\"font-size:18px\"><strong>Bitcoin (BTC):<\/strong>\u00a0Held above the\u00a0$91,000\u00a0level during the Asian session, posting a modest\u00a024-hour gain of around 0.6%. Price action\u00a0remains\u00a0range-bound, reflecting institutional positioning amid a macro data lull. With key inflation data still pending this week, the market lacks a clear directional catalyst, and BTC is undergoing technical consolidation between\u00a0$90,000 and $92,000.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-23\" style=\"font-size:18px\"><strong>XRP (XRP\/USD):<\/strong>\u00a0Traded around\u00a0$2.06, with daily volatility declining as prices enter a consolidation phase following a period of strong gains. After last year\u2019s sharp rally, the asset is facing noticeable short-term profit-taking pressure as\u00a0prior\u00a0bullish catalysts are priced in.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-24 wp-block-paragraph\" style=\"font-size:18px\"><strong>5. Focus for Today<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-25\" style=\"font-size:18px\">No major economic data releases are scheduled for today.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>January 12, 2026, following the release of the year\u2019s first Nonfarm Payrolls report last Friday, global markets have entered a renewed repricing phase as investors assess mixed signals from the U.S. labor market. December job growth came in at just 50,000, well below the 73,000 expected, extending the hiring slowdown seen late in 2025. However, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/3594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/comments?post=3594"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/3594\/revisions"}],"predecessor-version":[{"id":3596,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/posts\/3594\/revisions\/3596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/media\/3598"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/media?parent=3594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/categories?post=3594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/pt\/wp-json\/wp\/v2\/tags?post=3594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}