Real-time Financial News

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2024-11-16 Saturday
  • 21:42:41

    Acting Secretary of the U.S. Department of Labor Julie Su: The White House is actively engaging in dialogue with these unions, which shows that they are concerned about and trying to solve union issues.

  • 21:42:10

    The European Stoxx 600 index erased gains and was nearly flat.

  • 21:40:30

    Julie Su, Acting Secretary of the U.S. Department of Labor: The current situation in the U.S. economy is an ideal description of a soft landing, which is what we want to see. The average monthly gain of around 150,000 jobs over the past three months marks a normalization shift from the high growth seen during previous rapid recoveries.

  • 21:39:13

    Doug Porter, chief economist of Bank of Montreal Capital Markets: Judging from the GDP data in June and July, it seems that the Canadian economy will not rebound significantly in the third quarter, and even economic growth in the third quarter will be difficult to maintain positive growth.

  • 21:37:37

    White House Council of Economic Advisers: The latest employment data ensures economic growth.

  • 21:33:24

    Dell (DELL.N) opened 15% higher, hitting a new intraday high.

  • 21:30:50

    The unemployment rate in the United States rose, and the Federal Reserve may remain on hold. The Dow opened 200 points higher, the Nasdaq rose 0.6%, and the S&P 500 rose 0.6%. Star technology stocks generally rose, Intel (INTC.O) rose 2.3%, Google (GOOG.O, GOOGL.O) rose 0.6%, Amazon (AMZN.O) rose 1.1%; popular Chinese concept stocks rose, "Wei Xiaoli "After the delivery volume was announced, they opened higher collectively, rising 3.3%, 3.2% and 1.4% respectively. Tesla (TSLA.O) Model S/X cut prices again and opened down 0.1%.

  • 21:26:19

    Russian Ambassador to India: G20 agenda has been hijacked by certain countries.

  • 21:26:06

    Russian Ambassador to India: Russia and India are working hard to repair the local currency payment system.

  • 21:21:03

    Candice Tse, global head of strategic consulting solutions at Goldman Sachs: As the overall economy heads towards a soft landing, the job market continues to show signs of moderation, strengthening market expectations that the Fed will keep interest rates steady at its September meeting. As U.S. economic data continues to be strong and the Federal Reserve provides clearer guidance on the future path of policy, investors may find opportunities in equities and fixed income to seek outsized returns.

  • 21:03:38

    WTI crude oil futures stood at $85/barrel, up 1.64% during the day.

  • 21:03:36

    The yield on the U.S. 30-year Treasury bond erased losses and was higher than the yield on the 5-year Treasury note for the first time since August 21.

  • 20:51:13

    Jay Hatfield, CEO of Infrastructure Capital Management, commented on the non-agricultural data: rising unemployment and falling wages are very positive, because the Federal Reserve is very concerned about these data. They short-sightedly view the job market as a key driver of inflation, despite strong evidence to the contrary. This report confirms our view that the Fed is done raising interest rates, but not for now, as the Fed always lags behind.

  • 20:44:01

    Canadian money markets predict a 9% chance of the Bank of Canada raising interest rates next week, down from 24% before the GDP data was released.

  • 20:41:56

    Financial website Forexlive commented on non-agricultural data: What is noteworthy about this non-agricultural report is that the unemployment rate increased from 3.5% in July to 3.8% in August, partly due to the employment participation rate jumping to 62.8% (previously 62.6%) . The slightly lower-than-expected wage data also suggested the Fed has more breathing room.

  • 20:36:16

    The inversion of the U.S. 2-year and 10-year Treasury yield curves has narrowed to 70.20 basis points.

  • 20:34:51

    Traders have reduced bets on rate hikes by the Bank of England, with two 25 basis point hikes no longer fully priced in. Fed swaps reflect the low likelihood that the Fed will raise interest rates again this year.

  • 20:31:52

    The New Zealand dollar rose 0.50% against the US dollar during the day and is now at 0.5997.

  • 20:25:35

    NASA: Due to weather reasons, the plan to separate SpaceX Crew-6 from the space station is postponed, and it is expected to be adjusted to Saturday.

  • 20:25:13

    Capital Economics: Increased Brazil’s 2023 GDP forecast to 3.5%, from 2.3% previously.

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