Author: FX
European indices close higher on the day led by the UK’s FTSE 100 with a gain of 0.64%. A snapshot of the closing levels shows: German DAX, +0.42%France’s CAC +0.08%UK’s FTSE 100, +0.64% Spain’s Ibex, +0.39%Italy’s FTSE MIB +0.41%US indices are also higher with the NASDAQ index trading up 1.04% erasing have of the -2.04% decline yesterday. The S&P index is up 0.78% after falling -1.17% yesterday. The Dow industrial average is up 0.63% after falling -0.53% yesterday.Meta is a bouncing after 4 days of declines saw the pair fall by -16.54%. The shares are up 2.12% today.Nvidia is up…
Federal Reserve (Fed) Governor Stephen Miran said that the ADP report released on Wednesday, which showed an increase in US companies’ employment in October, was a “welcome surprise.” In an interview with Yahoo Finance, Miran also commented on the outlook for monetary policy.Key quotesADP data was a welcome surprise.Job market trends pre-government shutdown appear still in place.Job market data indicates interest rates could be lower than current levels.The supply and demand side of the economy both matter.Sees additional investment demand over time.Increasing uncertainty about tariffs could create economic drag.If tariff income went away, it would bear on Fed policy.Views on economy…
Wall Street girds for life under Mamdani, worries about New York City's competitiveness Source link
Prior was -32K (revised to -29K)DetailsGoods producing +9K vs -3K priorService providing +33K vs -28K priorTrade/transportation/utilities +47K vs -7K priorLeisure/hospitality -6K vs -19K priorMedian pay for job stayers 4.5% vs 4.5% priorMedian pay for job changers 6.7% vs 6.6% priorThe market started to feel better about jobs after ADP published a weekly employment measure for the first time. It showed a four-week average of 14,250 jobs, or roughly 57K on the month. That indicated a stabilization in the employment market, if not a pickup from the summer lows. With that — and similar indicators — Fed officials began a shift…
The Automatic Data Processing (ADP) Research Institute will release its monthly report on private-sector job creation for October on Wednesday. The so-called ADP Employment Change report is expected to show that the United States (US) economy created 25,000 new positions, following a 32,000 net decline in September.These figures will attract particular interest this month, as the US Government shutdown extends for the fifth week already, and is highly likely to deprive the market and the Federal Reserve (Fed) of the closely watched JOLTS Job Openings and the key Nonfarm Payrolls (NFP) report this week. ADP Jobs Report: Employment and the Federal…
Longeveron GAAP EPS of -$0.39 misses by $0.13, revenue of $125M beats by $124.71M Source link
UK services firms report strongest outlook in a year as inflation pressures wane, PMI shows Source link
The Emilio Trend Line Breakout Alert MT4 Indicator is built to solve this problem once and for all. It automatically detects when price breaks through important trend lines and instantly alerts the trader. Automating this process removes guesswork, improves timing, and helps traders stay ahead of the market. Understanding the Emilio Trend Line Breakout Alert MT4 Indicator The Emilio Trend Line Breakout Alert MT4 Indicator is a smart, automated trading tool that identifies breakout opportunities based on trend line movements. It works by scanning the market structure and plotting significant support and resistance lines. When the price crosses one of…
The risk mood was battered early on in Asia but is seeing some tentative signs of recovery as we get to the handover to European trading today. Wall Street saw some heavy selling yesterday with tech shares leading losses but US futures have recovered from early lows today, with S&P 500 futures paring declines to just 0.1% now. Meanwhile, Bitcoin is also seeing a bounce after dipping briefly under $100,000 again earlier:Bitcoin (BTC/USD) daily chartThat is a major psychological level to watch out for, with dip buyers having held the line on previous tests back in June. But this time…
The GBP/USD pair posts modest gains near 1.3025 during the early European session on Wednesday, bolstered by a softer US Dollar (USD). However, the potential upside for the major pair might be limited, as UK Finance Minister Rachel Reeves hinted at broad tax rises in her budget later this month. The US October private payroll and ISM Services Purchasing Managers Index (PMI) reports will be published later on Wednesday.Rachel Reeves, on Tuesday, gave a clearer indication that tax hikes are coming in her Autumn Budget later in November. The Sunday Times reported that Reeves was looking at more than 100 possible tax…