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 …
Read More »Crypto Market Pullback Deepens as Bitcoin Dips Below $69,000 Amid Shifting U.S. Election Odds
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 …
Read More »Amazon Q3 Earnings Exceed Expectations, Driven by Strong AWS Performance and AI Investments
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 …
Read More »European Markets Edge Up Amid Caution Ahead of U.S. Jobs Data and Presidential Election
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 …
Read More »Oil Prices Rally Amid Rising Middle East Tensions and Supply Uncertainties
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 …
Read More »Asian Markets Start November Cautiously Amid Mixed Global Economic Signals
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 …
Read More »Market Drivers; US Session
US Dollar Weakens on Yen Strength and Fed Rate Hike UncertaintyThe US Dollar weakened on Thursday as the Japanese Yen strengthened after a slightly hawkish tone from the Bank of Japan. The upcoming US labor market report on Friday is crucial for determining the Federal Reserve’s future rate hike path. …
Read More »How should investors get prepared for Market Moves, Fluctuations Amid US Election?
Preparing for Market Volatility Ahead of the US Election As the US election approaches, investors are bracing for potential market moves and fluctuations. Preparing for these shifts involves several strategic steps to mitigate risk and capitalize on opportunities.One of the most important strategies is portfolio diversification. By spreading investments across …
Read More »US Dollar Softens Ahead of NFP Report
The US Dollar weakened on Thursday, despite persistent inflationary pressures and lower-than-expected jobless claims. The Personal Consumption Expenditure (PCE) Price Index, a key inflation gauge, rose 2.1% year-over-year in September, while core PCE remained steady at 2.7%. Additionally, initial jobless claims declined to 216,000, defying market expectations of an increase.Market …
Read More »What Can Investors, Markets Expect from Looming NFP Report?
A Foggy Crystal Ball: Unraveling the October NFP ReportThe upcoming October Non-Farm Payroll (NFP) report is poised to provide a clearer picture of the US labour market, but the impact of recent hurricanes and labour strikes is expected to cloud the outlook. While economists anticipate a slowdown in job growth …
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