20:50:25
Financial review website Zerohedge: In the past six employment reports, five have been revised down. In fact, in the past 14 employment reports, 10 have been revised down. Not only is the unemployment rate now at a three-year high, but revisions to employment reports have become the new normal. So far, hundreds of thousands of jobs have been revised down for 2024 alone.
20:47:13
The pan-European STOXX 600 technology index plunged 5.2%, on track for its biggest one-day drop since March 2022.
20:39:44
UK two-year government bond yields fell to their lowest level since April 2023, down about 10 basis points on the day to 3.597%.
20:38:30
Traders are pricing in a 90 percent chance of a 50 basis point rate cut by the Federal Reserve in September.
20:37:02
Traders raised bets on a rate cut in 2024, which is now expected to be 111 basis points.
20:36:33
Eurozone bonds and UK government bonds followed US Treasuries higher after the release of non-farm payrolls data.
20:36:19
According to the New York Times: The United States is preparing to send more fighter jets to the Middle East.
20:36:06
The inversion between U.S. 2-year and 10-year Treasury yields narrowed to 5.7 basis points after the release of the employment data.
20:35:31
Money markets are pricing in a further ECB rate cut of around 70 basis points in 2024, compared with expectations of around 60 basis points before the U.S. data.
20:32:04
Traders are betting the Fed will cut interest rates by 50 basis points in September after the unemployment rate rose to 4.3% in July.
20:31:32
After the release of U.S. non-farm data, traders increased their bets on a large interest rate cut by the Federal Reserve in the future.
20:31:21
U.S. short-term interest rate futures surged after the jobs data as traders increased bets on a big rate cut by the Federal Reserve.
20:30:50
The average hourly wage in the United States rose 3.6% year-on-year in July, the lowest level since May 2021.
20:30:29
[US unemployment rate rises] The U.S. unemployment rate was 4.3% in July, the highest since October 2021.
20:30:15
[U.S. non-farm data cooled as expected] The U.S. non-farm payrolls in July were 114,000, the smallest increase since April 2024, after seasonal adjustment.
20:30:04
The U.S. unemployment rate in July was 4.3%, in line with expectations of 4.10% and the previous value of 4.10%.
20:30:03
The U.S. U6 unemployment rate was 7.8% in July, compared with 7.40% in the previous month.
20:25:32
Market news: Turkish Foreign Minister visited Ethiopia on August 2.
20:15:02
On August 2, local time, the Ukrainian Cabinet decided at a government meeting held that day to terminate the agreement on cooperation in the field of communications with Russia and Belarus.
20:13:26
Chevron (CVX.N) CEO: Second quarter is a "difficult to predict" period for analysts.