ADVFN US – Market Content Editor
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U.S. Stocks Close Mostly Higher Following Early Volatility
Stocks fluctuated early in the trading day on Friday but moved mostly higher over the course of the session. The major averages added to the gains posted during Thursday’s session, reaching their highest closing levels in well over a year. The major averages reached new highs late in the session but gave back some ground…
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Crypto: Safe Recovery Hub Revolutionizes Crypto Recovery, Bitcoin Stays Above $43,000, and More
Bitcoin rises moderately with surprising improvement in the US job market The latest data from the United States job market showed a notable improvement, with the unemployment rate falling to 3.7%, surpassing expectations of around 3.9%. Furthermore, there was a significant increase in non-farm payrolls, reaching 199,000, exceeding the forecast of 180,000. These indicators reflect…
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US Employment Up In November
Employment in the U.S. increased by more than expected in the month of November, according to a highly anticipated report released by the Labor Department on Friday. The report said non-farm payroll employment jumped by 199,000 jobs in November after rising by 150,000 jobs in October. Economists had expected employment to climb by 180,000 jobs.…
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Stronger Than Expected Jobs Data May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground after ending the previous session mostly higher. The futures came under pressure following the release of a highly anticipated Labor Department report showing employment in the U.S. increased by more than expected in the…
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Copper Up, Gold Steady
Copper prices edged up while gold held steady ahead of the U.S. jobs report. Commonwealth Bank of Australia expects the labor market to cool, forecasting 150,000 jobs to be added to the economy and unemployment rate of 4%, compared to the consensus of 183,000 and 3.9% respectively. A softer than expected report would likely cement…
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Bonds Rally Likely To Fade
The bond rally will likely fade as central banks might start cutting rates later than some market pricing suggests, Societe Generale Research said. “With inflation still high, global central banks are likely to keep policy restrictive for as long as they can. In this context, we believe the rally in bonds will likely run out…
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Jobs Report Could Lift Dollar
The monthly jobs data will be watched to gauge whether markets are justified in pricing in a first interest-rate cut as early as March, and a figure in line with consensus could lift the dollar, MUFG said. “A consensus print or better could see some of the March 2024 easing come out of the market.”…
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Futures Pause Ahead of Jobs Report
Stock futures paused on Friday ahead of a pivotal jobs report that will shed light on whether the Federal Reserve’s aggressive rate-hike campaign is slowing down the economy. What’s driving markets The Labor Department is expected to report that the U.S. added 190,000 jobs in November–buoyed by the return of striking auto workers–with an unchanged…
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Apple Boosts Vietnam Production, Broadcom Revenue Miss, Stellantis Job Cuts – Latest Updates
U.S. index futures showed minimal changes in the pre-market this Friday, as investors maintained a cautious stance while awaiting the release of a crucial report on employment in the U.S. As of 06:01 AM, Dow Jones futures (DOWI:DJI) rose by 28 points, or 0.08%. S&P 500 futures increased by 0.06%, and Nasdaq-100 futures fell by…
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US Futures Drop, European Stocks Rise Ahead of US Jobs Report
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Viaplay Group Series B added 15.3% and J Sainsbury climbed 3.1%. On the…