Dollar surge unlikely to mark end of recent weakness ahead of Fed decision: MUFG
The dollar jumped Friday to notch a weekly win, as a stronger jobs report cooled bets on a September Federal Reserve rate cut, but this is unlikely to mark major...
The dollar jumped Friday to notch a weekly win, as a stronger jobs report cooled bets on a September Federal Reserve rate cut, but this is unlikely to mark major...
- The U.S. dollar traded largely unchanged in early European trade Friday as traders awaited the release of key U.S. employment data, while the euro steadied after...
-- Most Asian currencies moved little on Friday in anticipation of key U.S. payrolls data due later in the day, although growing expectations of interest rate cuts saw...
-- Chinese exports grew more than in May, buoyed by steady industrial output and overseas demand, which saw the country’s trade balance grow much more than...
Happy Fourth of July, folks! I hope you had a safe and wonderful holiday with your family and friends yesterday. On Tuesday, I shared my market outlook for July and explained why I expect it to be a particularly strong month for the S&P 500. But in today’s Market 360, I want to talk about what I expect to happen over the next six months. I’ll share my five predictions for the remainder of this year – including one about artificial intelligence and what could stunt the industry’s growth.InvestorP
- The move by U.S. authorities to confiscate Russian assets could add to recent efforts to diversify from the dollar, but the greenback is still likely to remain the...
According to Odaily, Wall Street Journal reporter Nick Timiraos has suggested that the employment report for June could make the Federal Reserve meeting in July more intriguing. This is due to the possibility of the first real debate on whether to lower interest rates at the next meeting in September. This would be the first such discussion this year. The employment report's impact on the Federal Reserve's decisions could lead to significant changes in the economic landscape.
Sector Update: Financial Stocks Slipping Friday Afternoon
Annual wage gains last month were the slowest in three years, adding to recent data showing cooling inflation pressures.
According to BlockBeats, the U.S. unemployment rate rose to 4.1% in June, marking the highest level since November 2021. This increase comes despite stronger-than-expected nonfarm payroll data, which showed a gain of 206,000 jobs in June.Economic ImplicationsThe rise in the unemployment rate to 4.1% indicates that while job creation remains robust, as evidenced by the better-than-expected nonfarm payrolls, the labor market is experiencing some underlying weaknesses. This discrepancy suggests that more people are entering the labour force or that other factors are causing a lag in employment absorption.Market ReactionsThe increase in the unemployment rate could influence the Federal Reserve’s policy decisions. While the job creation numbers are positive, the higher unemployment rate may prompt the Fed to consider measures to support the labor market. This could potentially involve adjustments to interest rate policies or other economic stimulus actions.