Vanguard FTSE All-World ex-US Index Fund ETF Shares is trading 3.1% down today as global equities sell off following stronger-than-expected U.S. payroll growth and a steady unemployment rate.
- U.S. payrolls grew by 172,000 with unemployment holding at 4.3%, leading traders to price in higher-for-longer interest rates and a potential Fed hike by December 2026.
- The hawkish shift in Fed expectations is pressuring risk assets globally, dragging down major benchmarks including the S&P 500 and Nasdaq alongside broad non-U.S. equity markets.