ADVFN US – Market Content Editor
-
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…
-
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.”…
-
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…
-
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…
-
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…
-
Top Company News of the Day: Apple, KKR, Anglo American, Levi Strauss
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.…
-
U.S. Stocks Move Mostly Higher Ahead Of Monthly Jobs Report
After moving mostly higher early in the session, stocks continued to turn in a strong performance throughout much of the trading day on Thursday. The major averages moved back to the upside following the downturn seen on Wednesday, with the tech-heavy Nasdaq leading the rebound. The Nasdaq jumped 193.28 points or 1.4 percent to 14,339.99,…
-
Crypto This Thursday: FCA Warns Against Poloniex, Robinhood Debuts in EU, and More
US jobs report could heavily impact Bitcoin and markets Bitcoin’s recent rise was influenced by falling interest rates, which also benefited traditional markets. Recently, the cryptocurrency market has shown remarkable growth, with Bitcoin, the largest cryptocurrency, exceeding large companies in market capitalization such as Tesla (NASDAQ:TSLA) and Visa (NYSE:V). Bitcoin has reached a market capitalization…
-
US weekly jobless claims increase slightly
The number of new unemployment benefit claims by Americans saw a slight increase last week, which was lower than expected, as the labor market gradually slows down due to declining demand. According to the Labor Department’s report on Thursday, initial claims for state unemployment benefits rose by 1,000 to a seasonally adjusted 220,000 for the…
-
Oil Regained Some Ground
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…