Author: iHub News

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…

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…

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.”…

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…

Apple Aims to Make a Quarter of the World’s iPhones in India Supplier Foxconn plans to build more factories and give India a production role once limited mostly to China. KKR Bids $1.6 Billion for U.K.’s Smart Metering Systems The buyout firm sees the business as a key player in the transition to renewable energy.…

Oil prices regained some ground after falling to their lowest levels since July earlier this week. Following OPEC+’s output cuts announcement, which left traders broadly disappointed, concerns around weakening demand and an oversupplied market remained. Meanwhile, the latest EIA report showed U.S. crude oil inventories fell more than expected last week but gasoline and distillate…

November was a very negative month for the dollar, with the DXY index falling by almost 4%, and the near-term outlook isn’t much better due to evidence of a weakening economy, Natixis Research said. “In an environment of soft landing for the economy and a potentially substantial cut in Fed Funds rates, the dollar will…

Stock futures were little changed on Thursday as global bond yields rose and traders eyed two more jobs reports that may impact the chances of the Fed cutting interest rates next year. Investors will wish to see confirmation from Thursday’s weekly unemployment claims data, and Friday’s nonfarm payrolls report, that the slower jobs market will…