Category Archive: Finance, No picture
October Jobs Report: Probably The Best Report Of The Entire Expansion
HEADLINES: +250,000 jobs added U3 unemployment rate unchanged at 3.7% U6 underemployment rate declined -0.1% from 7.5% to 7.4% Here are the headlines on wages and the broader measures of underemployment: Wages and participation rates Not in Labor Force, but Want a Job Now: rose +72,000 from 5.237 million to 5.309 million Part time […]
Strong Jobs Numbers And The Moves Yesterday All About China And US Relations
(Audio length 00:15:03) Chris Temple and I discuss the US jobs data released today that was strong accords the board. Most importantly was the wage growth numbers that are now growing at 3.1% y/o/y. This will further drive inflation expectations and make the Fed stick to its rate hiking path. As for the moves yesterday, […]
Will The US Mid-Term Elections Boost Gold?
Democrats take control of the Congress and move Trump out of the White House. Sounds unbelievable? So what is probable and what is not? We invite you to read our today’s article about the upcoming US Mid-Term Elections and find out what are the likely consequences for the gold market. Elections are approaching the US […]
E Danish CEOs
Thanks to a report on IBM which I read yesterday, I found a new English language trap for foreigners. The analyst wrote that with its new cloud offering after a takeover, IBM’s existing customers might decide to “resign contracts” they had with Big Blue and increase its revenues. The writer meant to say that its […]
NFP Recap: Impressive Growth Continues, But Is The “Breakout” In Wages Legit?
Much like we saw with the Bank of England meeting getting overshadowed by Brexit developments earlier this week, traditional market-moving economic releases are taking a back seat to geopolitical developments in the US as well. Today’s Non-Farm Payroll report, usually the marquee economic release of every month, has been partially overshadowed by news that President Trump asked his […]
October Jobs Report: 250K New Jobs, Unemployment Rate At 3.7%
This morning’s employment report for October showed a 250K increase in total nonfarm payrolls, which was much better than forecasts. The unemployment rate remained at 3.7%. The Investing.com consensus was for 193K new jobs and the unemployment rate to remain at 3.7%. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor […]
Alibaba Posts Bottom Line Beat
Alibaba reports quarterly earnings of 9.60 RMB per share and revenues of 85.148 billion RMB.
Morning Call For Friday, Nov. 2
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.82%) this morning are up +0.77% and European stocks are up +1.14%, both at 1-1/2 week highs, on optimism the trade conflict between the U.S. and China will soon be resolved. President Trump reportedly asked key cabinet secretaries to draw up a draft to signal a ceasefire in […]
Sensex Ends 580 Points Higher; Auto And Metal Stocks Witness Buying
Share markets in India continued their momentum during closing hours and ended the week on a strong note. Sectoral indices were trading on a positive note with stocks in the auto sector and metal sector leading the gains. At the closing bell, the BSE Sensex stood higher by 580 points (up 1.7%) and the NSE Nifty closed up by 173 points (up 1.7%). The BSE […]
US Approves Waivers On Iranian Oil Imports As Supply Panic Fades
With oil prices already extending the drop from their highs as the trader “panic attack” identified by celebrated energy analyst Art Berman abates, and approaching a bear market from recent highs, a Friday morning report from Bloomberg will likely ensure that prices continue to move lower. According to an anonymous “senior administration official”, the US will soon approve waivers for […]
