Category: Latest News
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Payroll: USA Creates 336 Thousand Jobs in September; Unemployment Stands at 3.8%
The Bureau of Labor Statistics released this Friday (6) the jobs report, the payroll, and showed the creation of 336 thousand non-agricultural jobs in September, above market estimates, which were around 170 thousand. Furthermore, the unemployment rate was 3.8%, above the investor consensus of stability at 3.7% in the period. In September, the average hourly…
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North American Morning Briefing: Investors Await the All-Important Jobs Report
Market Wraps Watch For: Employment Report for September; Canada Labour Force Survey for September Today’s Top Headlines/Must Reads: – Is The Economy Cooling or Revving Up? The September Jobs Report Will Offer Clues – Monetarism Is Back. It May Not Last. – Exxon Doesn’t Need Luck for Pioneer Deal to Be a Winner Opening Call:…
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US Futures Down, European Stocks Climb Ahead of US Jobs Data
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading. Aviva rose 6.9% and Man Group rose 4.5%. On the other…
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Top Company News of the Day: Exxon Mobil, Google, Apple, Shell, Tesla
Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said. South Korea Plans to Fine Google, Apple for Breaching Mobile Payment Rules South Korea’s telecom regulator plans to…
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Crypto This Thursday: TVL on Solana Rises 40%, Marathon Digital Increases Monthly Production, and More
Shocking revelations in the Sam Bankman-Fried trial, and threat of confiscation of luxury jets In the trial of former CEO of defunct cryptocurrency exchange FTX, Sam Bankman-Fried, the prosecution plans to call two of the defendant’s close associates to testify. Among the witnesses are Adam Yedidia, a close friend of SBF and former employee of FTX…
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U.S. Stocks Climb Well Off Worst Levels But Close Modestly Lower
Stocks came under pressure early in the session on Thursday but staged a notable recovery attempt over the course of the trading day. The major averages peeked above the unchanged line late in the session but closed modestly lower. After falling by nearly 190 points in early trading, the Dow ended the day down just…
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Market Reaction: Dollar, stocks slip amid still tight U.S. Labor Market:
The dollar saw a slight decline, and global equities faced some pressure on Thursday as investors grappled with U.S. unemployment benefits data that indicated a labor market that still had some tightening to do, coupled with the Federal Reserve’s commitment to maintaining higher interest rates for an extended period. European stocks managed to recover after…
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Keep An Eye Out: Pre-Market Movers And Recommendations
ANALYST RECOMMENDATIONS: Advanced Micro Device: Baird maintains its outperform rating and reduces the target price from $170 to $125. Amphenol: BNP Paribas Exane maintains its outperform recommendation with a target price of $93. Best Buy: Truist Securities maintains its hold recommendation with a price target reduced from $80 to $74. Centerpoint: KeyBanc Capital Markets upgrades…
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Rebound By Treasury Yields May Lead To Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move back to the downside following the rebound seen in the previous session. Traders remain focused on activity in the bond market, with a rebound by treasury yields weighing on the stock futures. Treasury yields…
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U.S. Trade Deficit Shrinks to Three-Year Low in August, Boosting Economic Outlook
In August, the United States saw its trade deficit shrink to its lowest level in nearly three years, surpassing expectations and potentially bolstering economic growth in the third quarter. According to the Commerce Department, the trade deficit contracted by 9.9% to $58.3 billion, marking the lowest figure since September 2020. July’s data was also revised,…