U.S. employment situation report
Solid U.S. Employment Report and Soft European Data
January 5, 2024
Just before U.S. jobs figures were released this morning, The dollar showed modest overnight gains of 0.3% against the yen, Swiss franc, Turkish lira and Australian dollar, 0.2% versus the euro and kiwi, and 0.1% relative to sterling and the Canadian dollar. Ten-year sovereign debt yields were 7 basis points higher in the U.K. and […] More
Bracing for U.S. Labor Market Data that Are Feared Likely to Be Too Strong
July 7, 2023
The ADP estimate that private U.S. jobs leaped around half a million in June cemented fears that today’s Labor Department employment situation report will leave the Fed no choice but to continue tightening, and more aggressively than rhetoric from officials have implied. Just minutes before the data’s release on Friday, U.S. share prices were modestly […] More
