The October jobs report showed a cooling labor market in the U.S., with many sectors showing minimal or negative growth as the economy added a relatively meager 150,000 jobs overall. A bright spot came in health care and social assistance, which added more than 77,000 jobs. Within that, ambulatory health care gained 32,000 jobs. If
The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020. JONATHAN NACKSTRAND | AFP | Getty Images Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low
Share: AUD/USD edges higher to 0.6435 on the softer USD, risk appetite. Reserve Bank of Australia (RBA) is likely to raise the rate by 25 basis points (bps) next week. Market participants will closely focus on US employment data, including Nonfarm Payrolls. The AUD/USD pair extends its upside during the early European trading hours on
As the forex market sleepwalks as traders await the US jobs report at 8:30 AM ET, the USDCHF is hanging around its neutral area defined by the 100-hour moving average of 0.90538 and 50% midpoint of the October trading range at 0.90658. That area will be the barometer for buyers and sellers through the jobs
As 10-year Treasury yields basically undoes whatever happened in October, equities are finding much comfort especially in the last two days. Tech stocks have been surging but general sentiment in itself is extremely buoyed as major indices look to wrap up the week with another round of gains. That would make it five for five
Gold traded flat on Friday amid a steady dollar index (DXY). MCX December gold futures were trading at Rs 60,900 per 10 gram, down by Rs 11 or 0.02% from Thursday’s closing price. Meanwhile, the December silver futures were trading at Rs 71,248 per kg, lower by Rs 152 or 0.21%. On Comex, gold futures
Dollar continues to languish as one of the weakest performers of the week, sharing the lower rungs of performance with Yen and Swiss Franc. This dynamic comes in the wake of a robust rally in global stock markets and a pronounced pullback in treasury yields. Investors and policymakers alike are now poised for the release
Now Hiring banner in window of FedEx Office storefront, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty Images Apologies if you’ve heard this one before, but the jobs market is slowing down. No, really. Aside from the long-standing calls for a recession to hit the U.S., the expectation for a
In this article SQ Follow your favorite stocksCREATE FREE ACCOUNT Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images
The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP (XRP) and Toncoin (TON) to its list of recognized tokens. They join Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as coins recognized in the Dubai International Financial Centre (DIFC). The tokens’ new status will allow financial institutions in the DIFC
Share: USD/CHF fell to 0.9050, seeing 0.30% losses. The USD is losing interest due to the Fed dovish tone on Wednesday’s decision. Ahead of October’s Nonfarm Payrolls, the US reported weak labor market data. Indicators flash signals of further downside. In Thursday’s session, the USD/CHF saw red, mainly driven by a broad USD weakness following
US UK The BoE kept interest rates unchanged as expected today. The central bank is leaning towards keeping interest rates “higher for longer”, although it keeps a door open for further tightening if inflationary pressures were to be more persistent. BoE Governor Bailey repeated that they will keep rates high for long enough to get
CNN reports that the US intelligence community believes that Iran and its proxies are calibrating their response to Gaza to avoid direct conflict with the US and Israel. “This is a very fine line to walk,” Christy Abizaid, the director of the National Counterterrorism Center, told a Senate committee on Tuesday. “And in the present
Oil gained 1% on Thursday to snap a three-day decline as risk appetite returned to financial markets after the U.S. Federal Reserve kept benchmark interest rates on hold. Brent crude futures were up 91 cents, or 1.08%, at $85.54 a barrel by 1250 GMT, while U.S. West Texas Intermediate crude futures gained 83 cents, or
In the wake of BoE’s decision to maintain interest rates unchanged, Sterling exhibited a mixed performance, gaining against Dollar yet faltering when paired with the Euro and commodity-linked currencies. The voting pattern at the BoE leaned slightly more hawkish than anticipated, but the newly projected rate path suggests the peak in interest rates was reached
Construction workers at a project in the Upper East Side neighborhood of Manhattan, NY on Oct. 6th, 2023. Adam Jeffery | CNBC The cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the Labor Department reported Thursday. Unit labor costs, a measure of hourly compensation against
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust project launch event at the company’s headquarters in Cupertino, California, Sept. 12, 2023. Loren Elliott | Reuters Apple will report fourth-quarter earnings after the bell on Thursday. Analysts expect Apple to report
Gold price gains positive traction on Thursday amid sliding US bond yields and a weaker USD. Geopolitical tensions and China’s economic woes also contribute to the intraday positive move. A further rise in equity markets caps any meaningful upside for the safe-haven precious metal. Gold price (XAU/USD) attracts fresh buying on Thursday, albeit lacking a