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Israel Response Against Iran Will Occur "Soon" - Reports
October 7, 2024 11:04 AM EDTIsrael Response Against Iran Will Occur "Soon" - Reports
... MoreIran's Response Can Be More Intense Than Israeli Attack - Tasnim
October 7, 2024 9:49 AM EDTIran's Response Can Be More Intense Than Israeli Attack - Tasnim
Iran Prepared 10 Scenarios To Respond To Possible Israel Strike... MoreWall Street indexes slip with interest rates, Middle East in focus
October 7, 2024 6:10 AM EDTBy Sinéad Carew and Lisa Pauline Mattackal
(Reuters) -Wall Street's three major indexes closed down around 1% on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve interest-rate easing and worried about the Middle East conflict's impact on oil prices.
While waiting for quarterly earnings season and fresh economic data, investors also braced for another big hurricane, Milton, which is expected to hit the United States this week. Relief efforts are under way after Helene, a Category-4 hurricane, killed more than 200 people across six states.
Further dampening sentiment on... More
Goldman Sachs lifts S&P 500 index target for year-end, next 12 months
October 7, 2024 5:16 AM EDT(Reuters) - Goldman Sachs has raised its target for the benchmark S&P 500 index for the year-end and the next 12 months on expectations of higher margin growth for corporate companies and a steady macroeconomic outlook through 2025.
The Wall Street brokerage on Friday lifted the index target for the next twelve months to 6,300 from 6,000 and... More
Global S&P Futures mixed to lower in premarket
October 7, 2024 4:45 AM EDTGlobal S&P Futures mixed to lower in premarket, Nikkei up 1.8%, DAX mixed, WTI Crude oil recently at $75.40, natural gas down 1.4%, gold at $2673
... MoreEuropean stocks eke out small gains, Orsted shines
October 7, 2024 3:41 AM EDTBy Sruthi Shankar, Paolo Laudani and Johann M Cherian
(Reuters) -European stocks eked out marginal gains on Monday, with Orsted topping the STOXX index as Norway's Equinor bought a stake in the offshore wind developer, although gains were limited by rate-sensitive stocks like real estate and utilities.
The STOXX 600 index ended up 0.1%, with bank shares leading the sectoral charts. However, real estate and utilities stocks lost 1.4% and 0.5%, respectively.
German stocks dipped 0.1% after industrial orders fell more than expected in August.... More
Goldman Sachs lowers odds of US recession to 15% after better-than-expected jobs report
October 7, 2024 2:46 AM EDT(Reuters) - Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months by five percentage points to 15%, following the latest employment report that showed better-than-expected data.
U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, the Labor Department reported on Friday.
The September employment report has "reset... More
BofA on jobs report: 'No need for another 50'
October 4, 2024 11:15 AM EDTBank of America economists on the Fed's next moves: "The data flow since the Fed's 50bp September cut has been remarkably strong. Another 50bp cut isn't warranted. We now expect the Fed to cut by 25bp per meeting until March 2025, and then 25bp per quarter until end-2025. That raises... More
Traders Price In Less Than Quarter-point Fed Cut In November - Bloomberg
October 4, 2024 10:47 AM EDTTraders Price In Less Than Quarter-point Fed Cut In November - Bloomberg
... MoreGoolsbee: Jobs Report Is Superb, Couldn't Ask For Better Report
October 4, 2024 10:04 AM EDTGoolsbee: Jobs Report Is Superb, Couldn't Ask For Better Report
... MoreFed seen slowing rate cut pace after strong US jobs data
October 4, 2024 9:29 AM EDTBy Ann Saphir
(Reuters) -A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a debate over whether the policy rate ends up at a higher level than previously expected.
A Labor Department report on Friday showed employers added 254,000 jobs in September, far more than expected, and the unemployment rate declined to 4.1%.
Within minutes, traders of futures that settle to the Fed's policy rate had all but abandoned bets on another upsized interest rate reduction before the end... More
CME FedWatch Shows 90.9% for 25bps cut at FOMC Nov 7 Meeting, Shows 9.1% for 50bps Cut
October 4, 2024 9:24 AM EDTCME FedWatch Shows 90.9% for 25bps cut at FOMC Nov 7 Meeting, Shows 9.1% for 50bps Cut
CME FedWatch... MoreUS Sept payrolls jump takes Nov 50 bp cut off the table
October 4, 2024 9:14 AM EDT(Reuters) -U.S. job growth accelerated in September and the unemploymentrate slipped to 4.1% from August's 4.2%, further reducing theneed for the Federal Reserve to maintain large interest ratecuts at its remaining two meetings this year. Nonfarm payrolls increased by 254,000 jobslast month after rising by an upwardly revised 159,000 inAugust, the Labor Department said on Friday. Economists polledby Reuters had forecast payrolls rising by 140,000 positionsafter advancing by a previously reported 142,000 in August. The initial payrolls count for August has typically beenrevised higher over the past decade. MARKET REACTION:STOCKS: S&P 500 E-minis extended 0.73% higherBONDS: The yield on benchmark U.S. 10-year notesrose to... More
Vital Knowledge on jobs report: 'Very likely the Fed will slow the pace of easing to 25bp in Nov'
October 4, 2024 8:55 AM EDTVital Knowledge's Adam Crisafulli on the stock market following a blow-out jobs report: "Economic data out of the US has been quite healthy for the last couple of weeks, with this blow-out jobs report following the solid services ISM, subdued weekly claims, and favorable GDP/GDI revisions. It seems... More
US economy adds far more jobs than anticipated in September
October 4, 2024 8:45 AM EDTInvesting.com --Â US employment growth was far stronger than expected in September, while the jobless rate slowed from the prior month's level, potentially denting bets for another jumbo interest rate reduction by the Federal Reserve at its last two meetings of the year.
The US economy added... More
Traders Pare Bets On November Fed Rate Cut Larger Than 25Bp - Bloomberg
October 4, 2024 8:33 AM EDTTraders Pare Bets On November Fed Rate Cut Larger Than 25Bp - Bloomberg
... MoreUnemployment Rate Declines to 4.1% as US Adds 254 Thousand Jobs in September
October 4, 2024 8:30 AM EDTChange in Nonfarm Payrolls (Sep) 254K vs 150K Expected, Unemployment Rate 4.1%
Total nonfarm payroll employment increased by 254,000 in September, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction.
This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology... More
Dow registers record high close as US jobs data eases economic worries
October 4, 2024 6:17 AM EDTBy Caroline Valetkevitch
NEW YORK (Reuters) -The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.
U.S. job gains increased in September by the most in six months, and the unemployment rate fell to 4.1%, the report showed.
The data "basically tells us economic activity in the fourth quarter is likely to remain at a solid pace," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
... MoreGlobal S&P Futures mixed in premarket
October 4, 2024 4:52 AM EDTGlobal S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $74.20, natural gas mixed, gold at $2680
... MoreGoolsbee: New Inflation Numbers Are 'Basically' at Target
October 3, 2024 1:14 PM EDTGoolsbee: New Inflation Numbers Are 'Basically' at Target
... MoreBiden Says Discussing Israel Striking Iran Oil Facilities - Bloomberg
October 3, 2024 10:14 AM EDT(Updated - October 3, 2024 10:16 AM EDT)
Biden Says Discussing Israel Striking Iran Oil Facilities - Bloomberg
Biden, asked if he would support Israel striking Iran's oil facilities, responds "we're discussing that."... MoreFactory Orders (Aug) -0.2% vs 0.1% Expected
October 3, 2024 10:00 AM EDTFactory Orders (Aug) -0.2% vs 0.1% Expected
... MoreDurable Goods (Aug F) 0.0% vs 0.0% Prior
October 3, 2024 10:00 AM EDTDurable Goods (Aug F) 0.0% vs 0.0% Prior
... MoreISM Services (Sep) 54.9 vs 51.7 Expected
October 3, 2024 10:00 AM EDTISM Services (Sep) 54.9 vs 51.7 Expected
... MoreBiden: Not Expecting Israeli Response To Iran Attack Today - Bloomberg
October 3, 2024 9:49 AM EDTBiden: Not Expecting Israeli Response To Iran Attack Today - Bloomberg
... MoreS&P Global US Services PMI (Sep F) 55.2 vs 55.4 Expected, Composite 54
October 3, 2024 9:45 AM EDTS&P Global US Services PMI (Sep F) 55.2 vs 55.4 Expected, Composite 54
... MoreBiden: I Think We're Making Progress On Ports Strike - Bloomberg
October 3, 2024 9:35 AM EDTBiden: I Think We're Making Progress On Ports Strike - Bloomberg
... MoreUS labor market on firmer ground as Hurricane Helene, strike distortions loom
October 3, 2024 8:36 AM EDTBy Lucia Mutikani
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits increased marginally last week, but the devastation unleashed by Hurricane Helene in the U.S. Southeast and strikes at Boeing and ports could distort the labor market picture in the near-term.
The report from the Labor Department on Thursday showed the labor market gliding at the end of the third quarter, a state of affairs that could allow the Federal Reserve to be in no rush to deliver large interest rate cuts. The economy also ended the third quarter on solid footing,... More
Initial Jobless Claims 225K vs 221K Expected
October 3, 2024 8:30 AM EDTInitial Jobless Claims 225K vs 221K Expected
... MoreIndexes end lower ahead of US jobs data, Middle East still in focus
October 3, 2024 6:18 AM EDTBy Caroline Valetkevitch
NEW YORK (Reuters) -U.S. stocks finished lower on Thursday ahead of Friday's monthly U.S. payrolls report and as investors kept a watchful eye on the growing conflict in the Middle East.
Data on Thursday showed that the number of Americans filing new applications for unemployment benefits rose marginally last week, while Hurricane Helene and strikes at ports could distort the labor market picture in the near term.
Fridays jobs report for September is considered key for the outlook for U.S. interest rates. Economists polled by Reuters expect 140,000 job additions, while... More
Global S&P Futures mixed to lower in premarket
October 3, 2024 6:06 AM EDTGlobal S&P Futures mixed to lower in premarket, Nikkei up 2%, DAX mixed, WTI Crude oil recently at $71, natural gas up 1%, gold at $2665
... More