Soft landing before hard landing?

Friday was a bit of confusing. US Payrolls data indicated growth in employment, though accompanied by a dip in wage growth in Jul and Aug. the question is- is this good news or not? Well one can be happy that labour market is softening and soft-landing is possible. Another side of argument is downward revision in payrolls growth does not assure soft-landing instead it marches towards hard - landing. But eventually markets firm up the prospects of an end to rate hike.?

Global shares rose today. The dollar index steadied above 104. The latest US jobs report showed the US unemployment rate unexpectedly rose to 3.8% in August (Vs 3.5% forecasted). The US economy added 187k jobs in Aug (170k – forecasted). The markets also fancied Chinese stimulus policies might bring in stabilization in the economy. Further to already announced policies, Beijing might introduce relaxing restrictions on home buying.

Oil prices were near seven-month highs on tightening supply from Saudi Arabia. Brent crude rose 0.2% to $88.75 a barrel. Gold held above $1,940 an ounce. 3M Ali on the LME fell 2% to less than $2,200 a ton, while copper?lost 1% to $8,406. Lead also fell almost 2.5% to $2,215 a ton. Rest of the metals were rangebound and remained where they were while closing the week.