New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For NOSYMBOL;NOSYMBOL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | all recent news | >>
November 7, 2014
09:30 EDTFor the jobs data impact on other October reports
Subscribe for More Information
09:25 EDTThe 214k U.S. October payroll climb
The 214k U.S. October payroll climb after 31k in upward revisions tracked assumptions, as did the cycle-high 34.6 workweek in October. Yet, a downward September workweek revision left a big 0.5% October rise for hours-worked rise versus a 0.2% estimate, after an offsetting big downward September revision to 0.2% from 0.5%. As such, though the October hours-worked surge was impressive, it left an as-expected trend for that measure as well. The hefty 683k civilian employment rise with a big 416k labor force increase was encouraging, and the mix left the October jobless rate at a cycle-low 5.76%. The bellwether goods sector was also firm in October, with an hours-worked gain for the sector of 0.3% with component gains of 0.1% for factories, 0.7% for construction, and 1.2% for mining. Goods sector jobs rose 28k, with component gains of 15k for factories, 12k for construction, and 1k for mining.
09:20 EDTFX Action: USD-CAD fell sharply
Subscribe for More Information
09:10 EDTCleveland Fed's Mester characterized herself as an "owl,"
Cleveland Fed's Mester characterized herself as an "owl," which is a wise creature, not wanting to label herself either a hawk or a dove in the FOMC aviary. She acknowledged the first rate hike will likely be sometime in 2015, given her expectations of about 3% GDP growth over the next several years, with further declines in the unemployment rate and an uptrend in inflation to the 2% region. She reiterated that the policy trajectory is data dependent and the Fed will react to income data and how the numbers fit into the overall outlook. She doesn't believe analysts're in a deflationary environment as she doesn't see evidence consumers are delaying purchases, awaiting lower prices. Inflation expectations seem to be stable. She doesn't believe the Fed is behind the curve, noting she voted with the consensus at the last FOMC meeting. She's ok with the "Dot Plot," suggesting it's a way for policymakers to be as clear as it can be on where it wants to see the economy, and hence where it things the appropriate policy stance is. She was speaking in a CNBC interview.
09:00 EDTU.S. equities extended modest gains
U.S. equities extended modest gains following the headline payrolls print of 214k, a drop in the jobless rate to 5.8%, and generally firmer component data on earnings and the workweek. The Dow is up 18-points, S&P gained 2-points and NASDAQ is 11-points higher, up from earlier lows in pre-open trade. This followed a rough and tumble session overnight, with the Euro Stoxx 50 0.8% lower on more European weakness, while Japan's Nikkei rose 0.52% thanks to yen weakness. Sears Holdings surged 25% after mulling the sale and lease-back of up to 300 stores. Disney sank 2% after its TV network profits fell. BofA also sank 1% after a Q3 loss amid global investigation into FX market manipulation. Meanwhile, Cleveland Fed "owl" said the jobs report was a "solid" reading on the labor market.
08:45 EDTTreasury Action: yields were jerked around
Subscribe for More Information
08:45 EDTFX Action: The dollar fell briefly
Subscribe for More Information
08:40 EDTU.S. nonfarm payrolls rose 214k in October,
Subscribe for More Information
08:38 EDTFutures move slightly higher following jobs report
Subscribe for More Information
08:32 EDTU.S. October non-farm payrolls rise 214K, unemployment rate falls to 5.8%
Subscribe for More Information
08:30 EDTFed's Dudley said the Fed will "likely" start raising rates in 2015
Subscribe for More Information
08:25 EDT5 Things to Watch in the October Jobs Report
Subscribe for More Information
08:15 EDTPayroll Growth Moderation Expected into Q4:
Payroll Growth Moderation Expected into Q4: Analysts expect a 220k October payroll rise that would mark a respectable gain versus the expected Q4 slowing in GDP growth to 2.5% from the 4% area over the past two quarters, though our estimate sits below the 230k median estimate and the hefty 248k September gain. The headline faces upside risk from the continued improvement in initial claims, a firm ADP path and rising consumer confidence. To the downside, producer sentiment is easing through October, and big stock price declines through the BLS survey week could have impacted hiring. for more and our employment page as well.
08:05 EDTCanada Employment Preview
Canada Employment Preview: Analysts expect employment to drop 5.0k in October (median -10.0k) after the 74.1k surge in September. The unemployment rate is expected to edge higher to 6.9% from the post recession low 6.8% seen in October. Every monthly jobs increase this year has been followed by a decrease, leaving a sea-saw pattern since January. An as expected October result would continue that pattern. our recent commentary.
07:55 EDTOil Action: NYMEX crude is up at $78.46/bbl
Subscribe for More Information
07:50 EDTTreasury Market Outlook: yields crept higher overnight
Subscribe for More Information
07:38 EDTUkraine says 32 tanks enter from Russia, AFP reports
The Ukrainian military said 32 tanks, 16 howitzer cannons and 30 trucks of troops and equipment had entered the country from Russia, reported AFP, citing Ukrainian Military spokesman Andriy Lysenko. Reference Link
07:30 EDTN.Y. FX Outlook
N.Y. FX Outlook: The dollar advanced further in early Asian trade overnight, though later eased back in London dealings, perhaps as position paring into this morning's 8:30 EST U.S. employment report weighed. EUR-USD touched 1.2365 trend lows after the N.Y. close, before edging back over 1.2400 into the open. USD-JPY meanwhile, topped out at 115.45, and now sits just over 115.25. Recent claims, ADP and ISM data indicate some upside risk to this morning's jobs report, so further dollar, yield and equity market upside could still be in play.
07:20 EDTFX Update: The dollar has held firm
FX Update: The dollar has held firm as markets anticipate a strong U.S. payrolls report, edging out fresh major-trend highs against the EUR, AUD and NZD, while USD-JPY returned to the mid-115s, leaving an intraday high so far at 115.46, five pips shy of yesterday's six-year peak. AUD-USD dipped about 30 pips from yesterday's closing level in making a new trend low at 0.8540. The RBA's quarterly monetary report was a cue for Aussie selling as it leaned toward steady rates for a spell and repeated that the AUD is still above its fair value and that a further fall would help rebalance the economy (though noting that inflows from Japan due to BoJ easing and pension fund flows could have the opposite effect). EUR-USD, meanwhile, posted a narrow range though still managed to eke out a fresh 27-month low at 1.2364. Analysts expect today's U.S. October employment report to show a headline increase of 220k, with a healthy 200k private payroll gain, but note upside risk due to continued strength in claims, confidence and sentiment.
07:17 EDTFederal Reserve Chairperson Yellen to speak at symposium
Subscribe for More Information
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use