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June 24, 2024
In february, 240 thouds net jobs were added 240,000 net jobs were added. Unemployment was low. Observing hourly pay for workers rose by 22. 2 over the past 12 mont bs, its not months, its not fantastic but is a sign employers are confident enough about economic prospects for now to pay workers a little more and add more to the payroll. Yet the stock market. The offsighted barometer for confidence has been looking shaky, as you can see. Stock prices have slipped by close to 3 . Those sax markets,...
June 24, 2024
Tom a swing back to rates and what were looking at. Youre aware the United States has a jobs report tomorrow. We call it super friday. Francine only the most important piece of Economic Data probably in the world apart from china if we see a slowdown. A little bit of news from retail sales. The e. C. B. Is meeting march 10. Increasing some 2 . Put that against the weaker than expected inflation and some pretty dire Economic Service data from the u. K. Tom the german yields, we will get to that a...
June 24, 2024
Have looking for. Even as we do have lower trading volumes. This is the lowest volume of the year. If you look around asset we have conflicting testimony from janet yellen herself. Some other fed speakers more recently with a little bit more of a hawkish stance emphasizing the april could be on the table for a cut. The market is not buying it. We have rates lower. The two year yield is at 0. 8 4 . , theu look at currencies rates are going to go higher. The dollar is a little bit lower versus the...
June 24, 2024
Bank of england minutes, then we will go to mark barton for his reaction. What is standing out for you . The boe sees some signs of the Eu Referendum on june 23 is weighing on activity. May causeerendum softening in the first half u. K. Growth. That is interesting. It will react more cautiously to data before the eu vote. That is big. Also, it is considered implications on Monetary Policy. A brexit but may extend a period of uncertainty and have an impact on pound and asset prices. The brexit wo...
June 24, 2024
Pointing to a higher open, also the japanese yen, slightly strengthening after falling the most in 17 months. A couple of markets are closed, australia and new zealand. No markets open there. The yen did drop the most in 17 months after the bank of japan is considering sending relief to its banks. Mayces say the bank consider offering a negative rate on some loans. We are taking a look at this. The yen took a tumble. I was watching the market close on friday, bankshares surging on this news. Sig...
June 24, 2024
Importance of what is on the table today. It is and i think were going to hear a lot from janet yellen that possibly suggests to us the reasoning behind the pause in march but i think looking forward this is beginning to come down to an inflation question. Tomorrow morning Charles Evans will be on this network and talk about inflation. He cited it as one of the reasons in the past that the Federal Reserve did not move. Black rock puts out a great note advising clients to seek protection and do i...
June 24, 2024
We had estimated a decline of 0. 1 . When you look at Central Banks, it is the specter of disinflation and it looks like mario draghi may have to address this. Euro area economy, we also get gdp figures. It was a little better than estimated. Gdp better than expected in the First Quarter. Vonnie we are not getting much of a Market Reaction yet. Stocks were lower in the first few hours of trading. The cac 40 down about 1. 4 . The euro also not seeing a huge reaction. People haveguess been led to ...
June 24, 2024
Top of the show. Happy birthday to her today. Turned 30. I didnt though that. Lets have a look at u. S. Equity futures right now. And they are celebrating lady gagas birthday with a positive open expected for the dow coming open by 80 points. Nasdaq by 20. We did see a little bit of yield compression last week. A little riskoff trade. On the tenyear note. Terror in pakistan this weekend, an apparent suicide bombing killed at least 65 people including women and children at a park. A breakaway fac...
June 24, 2024
,anager is betting on beijing 2016 will be good for china and investors will be sorry they are not there. Do follow me on twitter rishaadtv, and dont forget to include trendingbusiness. China, hong kong markets underway in 30 minutes. Lets have a look at what is happening. The day after the fed, and asian markets are liking the sense of patients conveyed in that policy announcement. Snapping three days of declines for most of these markets, i continued rebound in crude oil as well as basic mater...
June 24, 2024
Overshoots some undershoot and overshoots are part of how the economy operates and our tolerance for those asymmetric with respect to under and overshoots. We did take note in a statement of the fact that inflation has picked up in recent months. I see some of that is having to do with unusually high inflation readings in categories that tend to be quite a volatile without very much significance for inflation over time. So im wary and having it concluded that we have seen any significant uptick ...