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Oil Rally and Iran Tensions Drag Markets Ahead of Jobs Report
markets3 hours ago

Oil Rally and Iran Tensions Drag Markets Ahead of Jobs Report

Stocks fell as U.S.-Iran tensions and a spike in oil prices sparked risk-off trading, with the Dow down about 1.6% for the week and the S&P 500 and Nasdaq modestly lower; oil surged to around $81 a barrel, lifting energy concerns. Futures were mixed after the session, with Dow futures up roughly 0.2% and S&P/Nasdaq futures near flat. Traders await Friday’s February nonfarm payrolls report for clues on the labor market, with economists eyeing ~50,000 jobs and a 4.3% unemployment rate. In after-hours trading, Marvell Technology rose on AI demand while Gap slipped on earnings.

via CNBC|
#futures#iran-conflict#markets
Greenback Free-Falls as Short Bets Balloon Ahead of Payrolls
business24 days ago

Greenback Free-Falls as Short Bets Balloon Ahead of Payrolls

The dollar weakened broadly as IMM data showed speculative short positioning jumping to $16.82B ahead of an unusual Wednesday payrolls release and potential downward revisions to 2025 job data; EUR/USD rose and USD/JPY fell, with a China report urging banks to curb US Treasuries exposure failing to drive yields much higher, suggesting the move could fade as markets refocus on fundamentals.

via investingLive|
#business#forex#payrolls
US Economy Adds 227,000 Jobs in November, Unemployment at 4.2%
economy1 year ago

US Economy Adds 227,000 Jobs in November, Unemployment at 4.2%

In November, nonfarm payrolls increased by 227,000, surpassing expectations, as the impact of previous labor strikes and storms diminished. The unemployment rate rose slightly to 4.2%, with a broader measure including discouraged workers reaching 7.8%. Job growth was notable in health care, leisure and hospitality, and government sectors, while retail trade saw a decline. Average hourly earnings increased by 0.4% month-over-month and 4% year-over-year, both slightly above forecasts.

via CNBC|
#economy#job-growth#labor-market
"2024 U.S. Job Market Outlook: Healthy Hiring Trends and Economic Impacts"
finance-and-economics2 years ago

"2024 U.S. Job Market Outlook: Healthy Hiring Trends and Economic Impacts"

The U.S. dollar saw a slight increase ahead of significant economic data releases expected to influence Federal Reserve policy decisions. Investors are particularly focused on the upcoming U.S. nonfarm payrolls data, which could impact the Fed's approach to interest rates. The euro retreated from a five-month high, while the British pound's gains could be tempered by expectations of a Bank of England rate cut in 2024. The Japanese yen weakened following a major earthquake, and the Chinese yuan also edged higher despite weak manufacturing data.

via Investing.com|
##currencymarkets#economicdata
UK Payrolls Decline, Indicating Cooling Economy
economy2 years ago

UK Payrolls Decline, Indicating Cooling Economy

UK November payrolls decreased by 12,000, indicating a softening labor market, while average weekly earnings showed a slight decline. This may lead to a pause by the Bank of England (BOE) as wage pressures ease. However, the jobless rate remained steady, suggesting stability in the overall labor market. GBP/USD experienced a slight drop in response to the news.

via ForexLive|
#boe#economy#gbpusd
"US Labor Market Impresses: Unemployment Unexpectedly Declines in November"
economy2 years ago

"US Labor Market Impresses: Unemployment Unexpectedly Declines in November"

The US economy added 199,000 jobs in November, surpassing expectations, while the unemployment rate fell to 3.7%, lower than the forecasted 3.9%. Average hourly earnings increased by 0.4% for the month and 4% from a year ago. The health care industry saw the biggest growth, adding 77,000 jobs, while retail lost 38,000 jobs, primarily from department stores.

via CNBC|
#economic-indicators#economy#job-creation
"US Private Sector Payrolls Fall Short of Expectations for Third Consecutive Month"
economy2 years ago

"US Private Sector Payrolls Fall Short of Expectations for Third Consecutive Month"

Private sector payrolls in the US increased by 113,000 in October, according to ADP, falling short of expectations and suggesting a potential darkening of the employment picture. While the figure was higher than September's revised 89,000, it was below the consensus estimate of 130,000. Wages were up 5.7% from a year ago, the smallest annual gain since October 2021. The education and health services sector led with 45,000 new jobs, followed by trade, transportation, and utilities (35,000), financial activities (21,000), and leisure and hospitality (17,000). The release comes ahead of the Labor Department's nonfarm payrolls report, which is expected to show an increase of 170,000.

via CNBC|
#adp#economy#employment
"The Decline of the AL Central: Unveiling the Weakest Division in MLB"
sports2 years ago

"The Decline of the AL Central: Unveiling the Weakest Division in MLB"

The AL Central division in MLB has become the weakest division for several reasons. The new schedule reduces intradivision games, exposing the teams to tougher competition outside the division. Small-market limitations and frugal spending by teams contribute to their competitive struggles. Player development has been a challenge, with high draft picks and trades failing to produce impact players. The lack of a standout team in the division means there is no pressure for other clubs to improve. However, the cyclical nature of baseball suggests that the AL Central's current weakness may change in the future.

via CBS Sports|
#al-central#competitive-balance#mlb