The Weekly Bottom Line: Healing, but Slowing Labor Market
U.S. Highlights Following a four-week losing streak, U.S. financial markets regained some gusto, buoyed by optimism on the prospect of a new stimulus package. The labor market continues to mend, albeit at a decelerating pace. The American economy added 661,000...
Week Ahead: October Will be Anything but Normal
This week is going to be full of headlines regarding President Trump’s health and Brexit. As if things couldn’t get more bizarre in 2020, US President Trump and his wife have tested positive for the coronavirus, only weeks ahead of...
Stocks fall following Trump’s positive virus test, but close off the worst levels on stimulus hopes
U.S. stocks fell in volatile trading on Friday after President Donald Trump’s coronavirus diagnosis fueled concerns about the election and a worsening pandemic. Major averages clawed back some of the steep losses after House Speaker Nancy Pelosi signaled aid for the...
‘Massively concerning’ jobs report sends a signal that the economic recovery could be fading
Flight attendants, airline pilots and other aviation workers hold a protest organized by the Association of Flight Attendants urging the US Congress to pass a Covid-19 relief package and extend the Paycheck Support Program to save aviation jobs during a...
Jobs report shows fewer hires as recovery loses momentum
Nonfarm payrolls rose by a lower than expected 661,000 in September and the unemployment rate was 7.9%, the Labor Department said Friday in the final jobs report before the November election. Economists surveyed by Dow Jones had been expecting a...
Stocks making the biggest moves midday: Tesla, Twilio, Peloton & more
Check out the companies making headlines in midday trading. Twilio — shares of the cloud services company jumped 12% to a new all-time high after Twilio raised its forecast for third quarter revenue. The company said it is benefitting from...
Forward Guidance: Canada’s Labour Market Recovery Continues, Albeit at a Slower Pace
We expect next week’s Canadian labour report to show a 200k increase in employment – the smallest gain in 5 months. Still, the increase will bring the cumulative job recovery to 2.1 million, or 70% of the 3 million jobs...
RBA to Hold off on Rate Cut for Now but Could Flag Future Move
The Reserve Bank of Australia meets on Tuesday for its latest policy decision, with an announcement expected at 03:30 GMT. Having clearly signalled at its previous meeting that the Bank is planning to stay on hold for the foreseeable future,...
Airlines, cruise lines fall as Trump diagnosis raises fears of second wave, slower reopening
U.S. President Donald Trump approaches reporters as he departs on campaign travel to Minnesota from the South Lawn at the White House in Washington, September 30, 2020. Carlos Barria | Reuters Shares of companies tied closely to the economy reopening...
Mixed NFP Data Overshadowed by Trump’s Coronavirus Infection, Yen Staying Strong
Global markets are clearly staying in risk-off mode before weekly close. Mixed US job data was largely ignored. Eyes are staying on the development regarding US President Donald Trump’s coronavirus infections, and the impact on the Presidential election which is...
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