Latest news with #jobsdata
Yahoo
2 days ago
- Business
- Yahoo
Jobs data: Why this expert expects a weakening labor market
The labor market is in focus as investors are set to get fresh jobs data throughout the week. The Burning Glass Institute director of economic research, Guy Berger, joins Market Domination Overtime to discuss how several policies coming out of the Trump administration are putting pressure on the labor market, including immigration changes and tariffs. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Week Ahead for FX, Bonds: Fed Decision, U.S. Jobs Data, Tariff Deadline in Focus
A U.S. Federal Reserve interest-rate decision; President Trump's August 1 deadline for reciprocal tariffs; and key data on U.S. jobs, economic growth and inflation will take center stage in a busy week for markets. Rate decisions are also due in Japan and Canada, alongside gross domestic product data and inflation figures from the eurozone.
Zawya
6 days ago
- Business
- Zawya
Record-high stocks tremble as big week for market risk looms
Investors cashed out of record-high global stocks on Friday and the dollar headed for its first weekly drop in four, as markets trembled ahead of next week's U.S. jobs data, Federal Reserve and Bank of Japan meetings and Donald Trump's tariff deadlines. MSCI's global equity index was 0.3% lower after hitting an all-time peak on Thursday, after Japan's Topix index ended the day 0.9% lower, having also hit a record high a day earlier. Futures trading signalled Wall Street's Nasdaq Composite would flatline later in the day, with sentiment still buoyed by Google parent Alphabet's robust earnings that propelled the tech-heavy index to its latest peak on Thursday. Investors said they did not expect the markets' glass-half-full approach to trade war risks to last if jobs growth and earnings slow but the U.S. Federal Reserve also douses expectations that it will rush to the rescue by easing monetary policy. With the Fed's next rate decision on July 29 as Chair Jerome Powell comes under pressure from Trump to quit, August 1 brings the latest batch of monthly U.S. jobs data and the deadline for U.S. trade deals with Europe and other countries. "We've come to this sort of real, sort of pinch point of high risk, of things going in either direction, and markets have just breezed through it so far," Premier Miton CIO Neil Birrell said. "I'm genuinely struggling to work out why the bond markets seem relatively complacent and why equity markets have kept going up," he said, especially with disruption caused by trade uncertainty now showing up in companies' earnings. TECH, CENTRAL BANKS The dollar index, was heading for a 0.6% weekly drop, in the latest sign that U.S. policy and debt risk meant it was no longer viewed by investors as a haven asset when stock markets turn lower. "We know that the dollar tends to depreciate when there is a proper risk-on wave,' Amundi Investment Institute cross-asset strategist Federico Cesarini said. 'But the other side of the correlation, risk-off (and) dollar up, is not with us anymore.' Tech titans Amazon, Apple, Meta and Microsoft may all issue tariff-related updates with next week's earnings reports, just as parts of the tech sector have shown signs of revenues turning hard to forecast because of stockpiling and trade anxiety. Chipmaker Intel's shares dropped 5% in pre-market trade on Friday as it forecast steeper quarterly losses than expected and said it had halted or scrapped new factory projects in the U.S. and Europe. Money markets are only pricing about 42 basis points (bps) of Fed easing this year, setting next week's monthly non-farm payrolls report up as a major risk event if hiring has slowed and rate cut expectations have not risen. Trump has kept up pressure on Powell to cut rates after a rare presidential visit to the central bank on Thursday, although he said he did not intend to fire the head of the central bank, as he has frequently suggested he would. U.S. 10-year Treasury yields were steady at 4.41% while two-year yields, which track monetary policy bets, were also flat at 3.925%. The Bank of Japan has its own policy announcement on Thursday, and Prime Minister Ishiba's Liberal Democratic Party holds a meeting on the same day. That's after the European Central Bank held rates steady on Thursday and was viewed by traders as likely to pause further cuts until the end of the year. The euro was steady against the dollar on Friday at $1.178 , although German government debt sold off, with the yield on benchmark 10-year Bunds up 4 basis points (bps) at 2.726%. Elsewhere in markets, gold eased 0.8% to around $3,339 an ounce. Brent crude futures gained 0.4% to $69.65 a barrel. (Reporting by Kevin Buckland; Editing by Lincoln Feast, Sam Holmes and Saad Sayeed)
Bloomberg
10-07-2025
- Business
- Bloomberg
Treasuries Slip Before 30-Year Bond Sale, Weekly Jobs Numbers
Treasuries edged lower, paring the biggest rally in five weeks ahead of a sale of 30-year bonds and jobs data that may provide clues on future interest rate cuts by the Federal Reserve. US 10-year yields were one basis point higher at 4.34%, trimming a decline of seven basis points on Wednesday that was driven by strong demand for an offering of notes. Longer maturities rose slightly as the Treasury prepared to sell $22 billion of 30-year debt.
Malay Mail
04-07-2025
- Business
- Malay Mail
S&P 500, Nasdaq end at fresh records after solid US jobs data
NEW YORK, July 4 — Wall Street stocks surged higher yesterday following US jobs data that topped estimates as President Donald Trump's massive tax cut measure neared final passage in Congress. The broad-based S&P 500 jumped 0.8 per cent to 6,279.35, a second straight record. The tech-rich Nasdaq Composite Index gained 1.0 per cent to 20,601.10, also a record, while the Dow Jones Industrial Average climbed 0.8 per cent to 44,828.53. The US economy added 147,000 jobs in June while unemployment dipped to 4.1 per cent from 4.2 per cent, a sign of US labour market resilience despite the White House's wave of tariffs. 'We have a nice rally going, and the reason for that is that the employment data was stronger than expected,' said Peter Cardillo of Spartan Capital Securities, who noted that the market overlooked that the job additions included a heavy share of public sector posts. Markets also shrugged off data showing an uptick in the US trade deficit in May, with both imports and exports declining. But congressional Republicans expressed confidence they would win final passage of Trump's sweeping fiscal package, which includes heavy spending increases for deportations and cuts in federal health care programs. Investors have greeted the extension of tax cuts, but have expressed concern at forecasts that the package will add US$3.4 trillion (RM14.4 trillion) in debt. US stock exchanges closed early yesterday and will be shuttered today for the July 4th Independence Day holiday. — AFP
