The U.S. labor market
Market Jitters as Labor Data and Geopolitical Tensions Weigh on Stocks, Currencies, and Gold | Daily Market Analysis
Key events: USA - Average Hourly Earnings (MoM) (Sep) USA - Nonfarm Payrolls (Sep) USA - Unemployment Rate (Sep) The S&P 500 declined on Thursday as investors responded to signs of a softer labor market and ongoing geopolitical concerns in the Middle East, with a key monthly jobs report on the horizon. The Dow Jones Industrial Average dropped 184 points, or 0.4%, while the S&P 500 fell 0.2%, and the NASDAQ Composite slipped by 0.1%.
US Stocks Rise, Pound Sterling Recession, and Bitcoin Options Bullish Trend | Daily Market Analysis
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US Equities Dip as Powell Signals Continued Inflation Battle, GBP Faces Pressure, and Gold Struggles | Daily Market Analysis
Key events: UK - GDP (MoM) (Sep) UK - GDP (YoY) (Q3) UK - GDP (QoQ) (Q3) USA - Michigan Consumer Expectations (Nov) USA - Michigan Consumer Sentiment (Nov) USA - FOMC Member Bostic Speaks USA - Fed Logan Speaks On Thursday, US equities took a dip as Federal Reserve Chairman Jerome Powell conveyed that current monetary policy was still not restrictive enough to effectively combat inflation, dashing investors' hopes of concluding the Fed's rate-hiking cycle.
US Stocks Show Resilience Despite Weaker Data; Attention Shifts to August Job Report | Daily Market Analysis
Key events: China - Manufacturing PMI (Aug) Eurozone - CPI (YoY) (Aug) USA - Core PCE Price Index (YoY) (Jul) USA - Core PCE Price Index (MoM) (Jul) USA - Initial Jobless Claims On Wednesday, US stocks displayed resilience despite encountering weaker-than-expected economic data, with investor focus shifting towards the upcoming August job report set to be released on Friday.
US Stocks Rise on Rate Hike Speculation and Debt Ceiling Relief; Nasdaq Hits 13-Month High, Gold Declines | Daily Market Analysis
Key events: UK - Composite PMI (May) UK - Services PMI (May) USA - Services PMI (May) USA - ISM Non-Manufacturing PMI (May) US stocks ended the week on a positive note as investors reacted to several key developments. A labor market report revealing slower wage growth in May suggested that the Federal Reserve might delay a potential interest rate hike in the coming weeks. Additionally, a deal in Washington to avert a disastrous debt default was well-received by market participants.
Federal Reserve Cautious on Inflation while UK GDP Disappoints | Daily Market Analysis
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Busy Week for Investors: CPI, Earnings & Fed Minutes
Key events: USA – EIA Short-Term Energy Outlook This week, investors have a lot of economic data to consider, including the upcoming release of March's consumer price index and producer price index on Wednesday and Thursday, respectively. Based on these reports, it will become clearer whether the Fed will continue raising interest rates or halt its campaign. Although most investors expect the Fed to continue tightening its monetary policy, the possibility of a pause should not be dismissed.
Markets Under Pressure After Strong U.S. Labor Market Report | Daily Market Analysis
Key events: Australia – Retail Sales (MoM) UK – Construction PMI (Jan) Canada – Ivey PMI (Jan) Eurozone – ECB President Lagarde Speaks Global market sentiment on Monday morning could be characterized as negative, fueled by growing tensions between the U.S. and China and an earthquake in Turkey.
The Last Employment Data for 2022 to Define the Fed's Next Step | Daily Market Analysis
Key events: UK – Manufacturing PMI (Dec) Rising inflation and higher interest rates couldn't help but affect the housing sector - and perhaps it's the labor market's turn. On the other hand, the Non-Farm Payrolls (NFP) reading has beaten economists' estimates for the past eight months, which means another positive surprise is not out of the question.