U.S. jobs report
Dollar and Treasury Yields Lifted by U.S. Jobs Report
August 4, 2017
The dollar rebounded sharply, advancing 1.0% against the euro, 0.8% relative to the yen and sterling, 0.7% versus the loonie, 0.6% vis-a-vis the Australian dollar, 0.5% against the Swiss franc and kiwi, 0.3% versus the peso and 0.2% relative to the yuan. The 10-year Treasury yield climbed six basis points to 2.28% and exerted coattails […] More
Markets Watching Three Developments
May 5, 2017
Financial markets this Friday, May 5, are watching three developments. The U.S. April jobs report. A rebound in employment growth from 98K in March is anticipated. The jobless rate in March was 4.5%, 0.2 percentage points less than in February, but average hourly wage earnings also ticked lower to a 2.7% on-year advance. Wednesday’s FOMC […] More
Elevated Geopolitical Tensions Lifts Price of Gold and Sovereign Debt Prices
April 7, 2017
U.S. missiles bombed the Syrian airport from which the chemical weapons strike on Syrian rebels had been launched. Russian President Putin condemned the U.S. act, saying such has damaged relations with America. The ruble fell slightly more than 1%. Some wonder if this convenient sequence might in part have been orchestrated to dispel suspicion that […] More
U.S. Labor Statistics, Service-Sector PMIs, and a Focus on Some Central Banks
February 3, 2017
The dollar rose modestly overnight ahead of the U.S. jobs data, gaining 0.4% against the kiwi, 0.3% versus the yen, Swissie and sterling, 0.2% relative to the euro, loonie and Australian dollar, and 0.1% against the Mexican peso. China reopened after a week celebrating the Lunar New Year. The dollar fell 0.2% against the yuan, […] More
Market Attention Fixed on Today’s U.S. Jobs Report for August
September 2, 2016
The U.S. Labor Department will release August jobs data at 08:30 EDT. In June and July, nonfarm payroll employment increased by 292K and 255K, respectively. Analysts look for an August figure of somewhat less than 200K. Keen interest will also be paid to the unemployment rate, which was 4.7% in May followed by 4.9% in […] More
Good, Bad and the Ugly
July 8, 2016
June saw a much greater-than-expected recovery in U.S. jobs growth. Non-farm payroll employment leaped 287K in June after a slightly downwardly revised 11K increase in May. Jobs grew 147K per month in the second quarter, and the unemployment rate slipped from 5.0% in March to 4.9% in June while touching a 4.7% low for the […] More
Resilient Mood Ahead of U.S. Jobs Report
June 3, 2016
Ahead of the May U.S. Labor Department jobs report, which analyst believe could be distorted, there is an upbeat mood that the U.S. economy can handle a Fed tightening easily and that commodities aren’t going to hit another air pocket. The dollar is marking time, with no net change against the euro, yen, Swiss franc, […] More
Stocks Trade Lower ahead of U.S. Jobs Data and Amid Poor Overseas Data
May 6, 2016
Equities dropped 2.8% in China, 1.7% in Hong Kong, 0.5% in South Korea and 0.3% in Japan, which reopened for the first time since Monday. In Europe, share prices are down 1.3% in Italy, 0.8% in the U.K., 1.0% in France, 0.6% in Germany, 0.5% in Spain and 0.4% in Switzerland. The dollar advanced 1.3% […] More
Global Risk Aversion Ahead of U.S. August Jobs Report
September 4, 2015
Stocks in the Pacific Rim fell 2.2% in Japan and Indonesia, 1.5% in Singapore and South Korea, 0.7% in Hong Kong, 0.5% in New Zealand and 0.2% in China. Stocks in Europe are down 2.4% in Italy, 2.1% in Germany, 2.2% in France, 1.8% in the U.K., 2.0% in Spain, and 1.5% in Switzerland. Today […] More
Ahead of an Important U.S. Jobs Report
February 7, 2014
Overnight movements in the dollar have been limited to dips of 0.1% against the loonie and sterling and upticks of 0.3% versus the Aussie dollar and 0.1% vis-a-vis the yen and euro. The dollar is also unchanged against the kiwi, yuan and Swiss franc. Share prices in the Pacific Rim climbed 2.2% in Japan, 1.6% […] More
