Job growth was a modest 128,000. The unemployment rate ticked up to 3.6%. Revisions added 95,000. Initial Reaction The core reading was a bit better than expected. The Econoday consensus was 90,000 in a range of 50,000 to 155,000.Manufacturing lost 36,000 jobs vs a consensus of 50,000.Job revisions were positive.Hourly earnings were weak.
This may be quite the U.S. holiday-shopping season.
U.S. wage increases are accelerating, and the pickup may go over well with Fed policymakers as they consider their next move on interest rates
Pound Surges as Johnson on Brink of a Brexit Deal. A Brexit deal looks highly likely but it will likely take an extension to get the deal signed, sealed, and delivered
Shanghai Home Sales Plunge 86% in Golden Week. Golden Week, a seven-day Chinese holiday, is traditionally a peak period for home sales. This year, sales plummeted. Sales of new homes in Beijing dropped to their lowest level since 2014 during the week following the National Day holiday. Beijing faces the dilemma of all speculative markets: … Continue reading Shanghai Home Sales
Student debt may be preventing many would-be U.S. homeowners from having enough money for a down payment.
Companies in the S&P 500 Index need this earnings season to be above average once again to avoid their first drop in profit since 2016. S&P 500 earnings per share have exceeded analysts’ end-of-quarter estimates by an average of 3.6 percentage points since 2011, according to data compiled by Bloomberg. Gaps of 5.1 points in … Continue reading Earnings on the Horizon
Looking for S&P 500 companies to pay out more than $500 billion in dividends this year for the first time.
Energy stocks have played a diminishing role in the S&P 500 Index for years, and a rally Monday did little to reverse the trend. The industry’s weight in the S&P 500 has plummeted as much as 73% from a record in July 2008, according to data compiled by Bloomberg. Oil and gas producers and service … Continue reading Where’s the Love?
Even before today Nasdaq stocks were showing signs of life