Market Update

At the meeting of finance ministers of the Eurozone in Luxembourg on Oct. 4, one prominent regular attendee was missing. Olaf Scholz, Germany’s finance minister and vice chancellor since 2018, was otherwise occupied in Berlin.Eight days earlier, his Social Democratic Party had won national elections under his leadership, making him …

Investors’ prevalent sentiment tends to be overwhelmed by hesitation and confusion which have become an inseparable part of the scene because the implications of the NFP jobs data announced Friday.The stock market was wavering on Friday after the September jobs report missed estimates, though the data were better than the …

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil climbed by five to 433 this week. That followed increases in each of last four weeks. The total active U.S. rig count, which includes those drilling for natural gas, also climbed by five to stand …

The job data announced Friday by the Labor Department imply more dollar-printing from the Federal Reserve until investors have a rethink.While America gained only 194,000 positions in September, upside revisions and silver linings such as temporary Delta-related halts changed the direction.As the expectation for Fed’s tapering has become lower, the …

U.S. job growth fell to the slowest pace of 2021 in September, as the Delta variant and a persistent shortage of workers restrained the ability of companies to hire or attract more workforce. The U. S. economy created 194,000 jobs in September, the smallest gain since December 2020 and down …

America added far fewer jobs in September than expected, but investors didn’t seem too disappointed. Stocks were flat Friday as Wall Street took to some comfort that the unemployment rate continues to drop after the pandemic-fueled spike last year.The Dow rose about 20 points, or 0.1%, shortly after the opening, …

Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August’s print of 235,000 got revised higher to 366,000. the …

Here are the forecasts by the economists and researchers of four major banks regarding NFP report. JP Morgan “We are looking for a 575K gain in jobs. Expect a drop in the US unemployment rate to 5%. The driver for an above-consensus forecast is the expected rebound in the leisure …

The dollar rose against the major currencies, but within a narrow range, as traders awaited the monthly jobs report for clues on the pace of the return of the Federal Reserve’s policies (the US central bank) to normalcy. The dollar index, which measures the performance of the US currency against …

European shares fell, as a decline in the technology sector offset the impact of gains in oil and auto stocks, while investors remained cautious ahead of the US jobs data. The pan-European STOXX 600 index fell 0.2 percent after technology shares fell 0.9 percent, while oil and gas shares jumped …