Dow Jones Futures Fall on Inflation Fears and Strong US Payroll Figures

The Dow Jones futures fell on Monday as inflationary risks rose due to strong US payroll figures and rising crude oil prices.

The August Nonfarm Payrolls (NFP) rose by 162,000, significantly outperforming the forecasted 56,000. The Unemployment Rate held steady at 4.1%, and annual wage growth slowed less than anticipated to 3.1%.

Rising crude oil prices stoked fears of rekindled inflationary pressures following a geopolitical escalation between the US and Iran over the weekend.

The conflict intensified after the US targeted three Iranian tankers in response to missile attacks on its warships, leading Tehran to establish a new restricted zone around the Strait of Hormuz.