MARKET REPORT(Unburdened by what has been) Vienna Stock Exchange Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– PAYROLLS +142K vs EXP +160K PREV revised down 25K (Caps off Disappointing ADP, Challenger & JOLTS reports)– Wage Growth +0.4% vs EXP +0.3% Prev +0.2%– Unemployment rate…
Markets: Gold down $20 to $2496 US 10-year yields down 1.4 bps to 3.72%, 2-year yields down 9.3 bps to 3.65% WTI crude oil down $1.07 to $68.08 S&P 500 down 1.7% JPY leads, AUD lags Non-farm payrolls Friday lived up to the hype, though it wasn’t exactly straightforward. The kneejerk reaction to the report…
NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Sage Therapeutics, Inc. (NASDAQ: SAGE) between April 12, 2021 and July 23, 2024, both dates inclusive (the “Class Period”). A class action lawsuit…
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None of how the market is acting today in reaction to the lack of a strong 50 basis point signal from Waller should be a surprise. Here is what I wrote back in June: It’s been awhile since we’ve had a ‘normal’ rate cutting cycle so it’s worth a reminder about what happens and what…
Keir Starmer has pledged to break up people-smuggling gangs in the same manner used to apprehend and jail hundreds of rioters this summer. After a meeting with law enforcement agencies and cabinet ministers to discuss plans to stop small boats crossing the Channel on Friday, the prime minister said that the “high-level summit” mirrored the…
US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Read More: Bitcoin (BTC/USD) Eyeing a Deeper Reversal as ETF Outflows Continue…
US Dollar recovers ground after mixed August Nonfarm Payrolls data. Fed official downplayed discussions of a larger rate cut in September than 25 bps. Markets are seeing 40% odds of a 50 bps cut in the next Fed meeting. The US Dollar Index (DXY), a measure of the US Dollar against a basket of six…
The U.S. labor market showed signs of cooling in August, with job growth slowing but remaining positive, potentially paving the way for a measured approach to interest rate cuts by the Federal Reserve later this month. The Bureau of Labor Statistics reported today that total nonfarm payroll employment increased by 142,000 in August, below the…
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that Fed officials are finally beginning to catch up with the broader market’s view that the time has come for movement from the US central bank on policy rates, but downplayed discussion of a larger opening cut in September. Key highlights The job…