Market Update

Wall Street roared to life on Friday, propelled by a surprisingly weak October jobs report. The US economy added a mere 12,000 jobs, a stark contrast to the robust growth seen in previous months. This unexpected slowdown ignited hopes that the Federal Reserve might temper its aggressive rate hike trajectory. …

A Tale of Two Reports: NFP and ISM The recent release of the Non-Farm Payroll (NFP) and Institute for Supply Management (ISM) Manufacturing PMI reports has sent mixed signals about the state of the US economy. While the NFP report painted a picture of a slowing labor market, the ISM …

The Federal Reserve’s ongoing efforts to tighten monetary policy have led to a significant decline in the amount of money parked at its overnight reverse repurchase agreement (RRP) facility. This development has sparked renewed debate about the potential for a liquidity crunch in the US financial system.As of Friday, the …

The Federal Reserve is poised to once again navigate a complex economic landscape as it prepares for its upcoming policy meeting. While the central bank is widely expected to implement a modest interest rate cut, the underlying economic conditions present a nuanced picture. The recent employment report, though initially underwhelming, …

The U.S. labor market experienced a significant slowdown in October, with nonfarm payrolls adding just 12,000 jobs, far below the expected 106,000. This steep drop comes after September’s revised 223,000 job increase, as the Labor Department indicated that severe hurricanes in the Southeast and strikes in manufacturing weighed heavily on …

Bitcoin’s price saw continued losses on Friday, as the cryptocurrency market pulled back for the third day straight. The decline comes amid heightened volatility as Donald Trump’s odds in the U.S. presidential race faced slight dips, which some investors fear may add regulatory uncertainty, especially if Democratic candidate Kamala Harris …

Amazon.com Inc (NASDAQ) reported third-quarter results that exceeded analyst expectations, propelling its stock up by 5.7% in after-hours trading despite issuing slightly lower-than-anticipated guidance for the upcoming quarter. The company posted an adjusted earnings per share (EPS) of $1.43, surpassing the analyst consensus of $1.14 by $0.29. Quarterly revenue reached …

European stock markets traded modestly higher on Friday morning as investors awaited the release of key U.S. nonfarm payrolls data, along with the impending U.S. presidential election. At the start of the European trading session, the DAX in Germany gained 0.2%, France’s CAC 40 rose 0.3%, and the U.K.’s FTSE …

Oil prices rose sharply on Friday, with Brent crude and U.S. West Texas Intermediate (WTI) both gaining over 2% as geopolitical concerns and supply factors bolstered the market. By early trading hours, Brent crude for January delivery climbed to $74.22 a barrel, up $1.41, while WTI rose to $70.72, gaining …

Asian markets kicked off the month on a cautious note, with most indices lower as investors await key U.S. jobs data. Friday’s nonfarm payroll report, the U.S. presidential election, and the upcoming Federal Reserve meeting next week are expected to heavily influence market sentiment. Wall Street and Futures: Tech Stocks …