NFP Recap: Dollar Dumped to 3-Week Lows as Wages Miss, Unemployment Rises
After President Trump spoiled “traders’ Christmas” last month with a now-infamous tweet implying that the May jobs report would be strong, market participants were happy to get back to their “normal” tradition of overanalyzing and excessively dissecting the volatile monthly...
Canadian Labour Markets Back on Track in June
June saw 31.8k net jobs added to the Canadian economy. The unemployment rate rose to 6.0% as a surge of Canadians joined the labour force. However, the details were somewhat mixed. Part-time employment led the rise (+22.7k), but full-time work...
Canada’s Goods Trade Deficit Widens to $2.8 Billion May
Canada’s goods trade deficit widened to a larger-than-expected $2.8bn in May from a slightly revised $1.90bn in April (previously $1.86bn). Exports were flat during the month, weighed on by shipments of motor vehicles and parts as well as metal ores...
US trade deficit drops to smallest since before 2016 election
The monthly trade deficit is at its lowest levels during the Trump presidency. On Friday the Commerce Department revealed that the trade deficit, the gap between what the U.S. exports and what it imports from foreign countries, was $43.1 billion...
Your first trade for Friday, July 6
The “Fast Money” traders shared their first moves for the market open. Pete Najarian is a buyer of KKR & Co Steve Grasso is a buyer of Alibaba Karen Finerman is a buyer of United Rentals Tim Seymour is a...
Steven Cohen is said to lose bid to open Point72 hedge fund to British investors
Steven Cohen is having a tough time getting U.K. financial regulators to give him a second chance in that country. The billionaire recently opened his Point72 hedge fund to outside investors in the U.S., but British securities regulators won’t let...
Dollar Pullback Resumes as NFP Risks Cleared
Dollar trades notably lower in early US session despite stronger than expected headline NFP number. The rise in unemployment rate and slower than expected wage growth could be the factors. But it’s more likely just continuing this week’s pull back...
Biogen shares soar on successful Alzheimer’s drug trial again
Biogen shareholders are rejoicing over a clinical trial’s positive results. Shares of the biotech company were up 19.6 percent Friday, a day after Biogen and Tokyo-based Eisai announced positive results from a Phase II study with BAN2401, an anti-amyloid beta...
China accuses the US of launching the ‘largest trade war in economic history’
China immediately slapped retaliatory tariffs on U.S. imports on Friday after the U.S. imposed dutieson $34 billion worth of Chinese products, signaling the start of a full-blown trade war between the world’s two largest economies. President Donald Trump’s administration imposed...
China hits back with tariffs, accusing US of launching the ‘largest trade war in history’
China implemented retaliatory tariffs on some imports from the U.S. on Friday, immediately after new U.S. duties had taken effect. The move signals the start of a full-blown trade war between the world’s two largest economies, after President Donald Trump’s...