Finance

Strong US Jobs Data Sends Dollar Higher

The strength of the US employment report is seeing the dollar jump across the board. The divergent theme has been brought out in relief. The 321k rise in non-farm payrolls is the strongest print of the year and is the second monthly increase above 300k since early 2012 (the other one being this past April).  On…

Jobs Jump In November But Outlook Remains Guarded

The economy added 321,000 jobs in November—a dramatic jump from October. Overall the economy is creating many more jobs, but the outlook remains guarded. Unemployment stayed constant at 5.8 percent because the jobs count is based on the survey of employers, whereas unemployment is based on a direct household survey. The latter indicated many fewer…

Morning Call For December 5, 2014

OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.10%) this morning are up +0.08% ahead of U.S. Nov payrolls data and European stocks are up +1.63% after German Oct factory orders exceeded expectations. Stocks also rose and European government bonds rallied, with Italy’s 10-year bond yield falling to a record low 1.948%, on speculation the ECB…

Berlin Doesn’t Want Any Hot Potato Issue

In an attempt to try to divert a looming economic stagnation in the European Union, some leading German and French economists have launched some plans to try to revive the economy of the Eurozone by tackling two issues which might have deteriorated the economic situation in the currency bloc. Source Enderlein, an associate at a…