Asian shares bounce back amid plunging oil prices
Oil’s 5% nosedive offers comfort to investors, but Friday’s US payrolls data could change the game
Source: businesslive.co.za
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Bond: Bond investors bet Federal Reserve hiking is over
A spate of slowing employment metrics this week, crowned by Friday's August payrolls report, has shifted market sentiment in favor of owning policy-sensitive two-year Treasuries, which BlackRock Inc.'s Jeff Rosenberg called a "screaming buy."
Source: indiatimes.com
What Does The Jobs Report Tell Us About The Economy?
Friday’s data indicates a softening in the job market, but questions remain about whether wage growth will slow quickly enough to avoid future Fed rate hikes. The Fed should take no action at their September meeting, but uncertainty will keep market participants scrutinizing future labor market and inflation readings.
Source: forbes.com
US payroll surge leaves gold languishing
An unexpectedly large increase of 324,000 jobs in the US private sector weakens bullion’s safe-haven status
Source: businesslive.co.za
Meet the Man Behind the Biggest Economic Report of the Month
Every month, a government report updates the unemployment rate and the pace of hiring. James Walker leads the team responsible for the press release.
Source: businessinsider.com