Americas news wrap: Jobs headlines strong but the market has questions

US November Nonfarm Payroll 263K vs 200K Expected Canada November Employment Change 10.1K vs 5.0K Estimated Poland Officially Accepts $60 Russian Oil Price Cap with Review Mechanism Freeport LNG Now Says Year-End Output : We’re right. track to make monetary conditions tighten appropriately Timiraos: Strong jobs report supports Fed pace 50 basis points Fed’s Barkin: Labor supply appears tight ECB de Guindos: We see inflation starting to slow ECB: n de Guindos: November inflation data has been good news Markets: Gold down $5 to $1,797 WTI crude down 99 cents at 80.22 US$ 10-year yield to 2. PPP. 500 pips down 072 JPY lead, CAD traces USD was soft all week before farm payrolls and this was especially true for USD/JPY before the release. uched 133.6 in early Europe. Because of the high supply of bonds, the market is either peaking the Fed or creeping economic weakness. So non-farm payrolls were understandably strong and the latest set of dollars added about 150 points to the US dollar. The headlines for jobs and wages were strong, with average hourly earnings up 0.6% from the 0.3% expected. Then everything slowly slowed down. People began to pick holes in the payroll as the hours passed. They then took a closer look at the household survey and noticed a second decline and a steady trend since March

James Rogers

Learn More →

Dodaj komentarz

Twój adres e-mail nie zostanie opublikowany.