U.S. nonfarm payrolls increase by 29,000 in September, less than expected; unemployment rises to 4.2%
Healthcare and construction led modest gains as prior months were revised lower, leaving hiring near the breakeven pace, economists said.
- Japan's benchmark Nikkei 225 jumped 2.5% in morning trading to 70,037.61, marking the benchmark's first foray above 70,000 points in three months.
- Asian shares advanced during Asia Monday following American stocks that finished near an all-time high last week after promising job market data.
- Interest in shares related to Big Tech drew buying interest in Japan; Tokyo Electron gained 5.5% and SoftBank Group shares rose 3.3%.
- The 10-year Treasury yield briefly dropped below 5.17% before bouncing back to 5.28%, as investors remain encouraged by easing inflation worries reducing the likelihood of another Federal Reserve rate hike.
- Benchmark Oil lost 1.03% to $90.17 a barrel, while Brent crude inched down 0.58% to $101.66, as prices fluctuate amid uncertainty about how the war with Iran will reshape the global oil industry.
585 Articles
585 Articles
On the Tokyo Stock Exchange on the 6th, the Nikkei 225 index continued its upward trend, closing at 70,683.98 yen, up 737.12 yen (1.05%) from the previous day. This is the first time the closing price has exceeded 70,000 yen in approximately three months, since July 1st. Ahead of earnings season, in the United States, A…
Nikkei ends above 70,000 for 1st time since July on AI, tech share gains
The Nikkei stock index on Tuesday ended above the 70,000 line for the first time since early July as optimism about artificial intelligence- and semiconductor-related shares boosted investor sentiment.
NEW REPORT: Unemployment Up, Wages Down, and the Midterms are 28 Days Away
“The unemployment rate among Black workers jumped to 7 percent in September, up a full percentage point from August” New data from the Department of Labor underscores just how disastrous Republicans’ economy is and how it’s making life more expensive for hardworking Americans: September marked the 6th straight month of inflation outpacing wage growth. Average […]
Key Roles Over Payrolls
Key Roles Over Payrolls By Michael Every of Rabobank Friday’s US payrolls were weaker than expected at 29K, another random walk which helped walk soaring bond yields back from the edge of the cliff, at least temporarily. However, far more important things are happening than that report, much as it’s a markets catechism to repeat it. Europe agreed to US demands to release 50m barrels of its diesel reserves over the next two months, which saw pri…
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