Prior report 10.1 K Employment change 104.0K vs 8.0K estimate Unemployment rate 5.2% versus 5.2% expected. Prior month 5.1% Full-time employment 84.5K versus 50.7K last month Part-time employment 19.5K versus -40.6Klast month participation rate 65.0% versus 64.8% last month average hourly wages 5.2% versus 5.4% last month record high employment.
US equities stumble lower ahead of non-farm payrolls The ninth vote is underway for the Speaker of the House Preview: December non-farm payrolls by the numbers Bullard: Prospects of a US soft landing have increased Pioneer Natural Resources CEO: “There’s no extra supply in the next 5-7 years” More from.
Closing changes for the main North American indexes: S&P 500 -44 points to 3808, or -1.2% Nasdaq Comp -1.5% Russell 2000 -1.1% TSX Composite -0.5% At some point, we’re going to break the range. This article was written by Adam Button at www.forexlive.com.
The sentiment in the US stock market was soured after better-than-expected ADP jobs data and stronger initial jobless/continuing claims, has traders nervous about the BLS employment report tomorrow. The expectations are for 200K vs 263K last month with the unemployment rate steady. The comments from Fed officials has also been.
The dollar was hot one day and cold the other, with the yen also observing something similar in a sharp fall in trading yesterday. Despite the dollar’s slump, USD/JPY pushed up to above 132.00 as buyers stuck in there and kept a defense of the 130.00 handle. So far today,.
ISM manufacturing PMI for December 48.4 vs. 48.5 estimate FOMC minutes: Most participants emphasized ‘flexibility and optionality’ on rates JOLTS job openings 10.458M vs 10.000M estimate Feds Kashkari:Appropriate to continue interest rate hikes at least atthe next few meetings Redbook sales rise 10.2% w/e YOY McCarthy loses another vote Markets:.
The major US indices are in the day with gains in what was an up-and-down session, but with buying into the close. The day also ends the so-called “Santa Claus Rally” period. That period covers five days before the end of the year and two days after the new year..
Just before the FOMC meeting minutes, the Dow was up 156 points. The S&P was up 35 points on the NASDAQ index was up 95 points. Those gains have now been eroded with the Dow and the NASDAQ now trading and negative territory. Dow Industrial Average is down 50 points.
A strong day for US stock markets has evaporated following the FOMC minutes. I warned about this ahead of the release but I’m surprised that the market didn’t anticipate it better. The trend over the next couple months will be the Fed pushing back on market expectations for a lower.
The European major indices cheered on the lower inflation reading for the second consecutive day. Today France’s preliminary CPI came in lower than expectations. Warm weather and lower energy prices are also a contributing factor to the better tone. The German DAX had its best day since November 10. France’s.
Prior month 49.0 (was expecting 49.8). ISM manufacturing PMI 48.4 vs. 48.5 estimate Prices paid 39.4 vs. 42.6 estimate. Last month 43.0 employment 51.4 vs. 48.3 estimate. Last month 48.4 new orders 45.2 vs. 47.2 last month production 48.5 vs 51.5 last month order backlog 41.4 vs. 40.0 last month.
The major indices are opening higher but off their premarket futures implied levels: Dow Industrial Average is up 61 points or 0.19% at 33202 S&P index is up 12.5 points or 0.33% at 3836.55 NASDAQ index is up 25 points or 0.24% at 10412 Russell 2000 is up 10.59 points.