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, …
Read More »Gold Price consolidates around $1,760
Gold, erasing yesterday’s gains touching 1767.27, is losing 0.31%. Gold is trading at $1,757.44 during the New York session.The XAU/USD price action in the last week has been dull. The yellow metal keeps trading within the $1,745 – $1,769 range, with no intention of going beyond the traditional territory.The market …
Read More »U. S. stocks fall over taper concerns triggered by jobs data
U.S. stock indexes fell on Wednesday shortly after strong private jobs in September was announced. The ADP National Employment Report showed private payrolls increased by 568,000 jobs last month. Economists polled by Reuters had forecast a rise of 428,000 jobs.The jobs data fueled investors’ concerns that the U. S. Fed …
Read More »Treasuries Fall, but yields surge ahead of U. S. Jobs Data
Treasuries fell on Tuesday as investors focus on the assessment of the state of the U. S. economy before important payroll report Friday.Rising yields have increased market-implied inflation expectations. Breakeven inflation rate for 10-year TIPS approaches 2.5%. The U.S. Treasury yields climbed Tuesday as rising energy prices stoked inflation fears. …
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