Societe Generale in its early Monday economic news summary pointed out: -- Currency majors mostly rangebound, United States Treasury yields dip after long weekend, 2s/10s bull steepens, Brent slips 1% after OPEC+ said to agree to raise supply by 548,000 barrels per day from September. -- Tariffs: U.S. reportedly planning three scenarios for deadline on Wednesday.
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index was in the ?Extreme Greed? zone on Thursday. U.S. stocks settled higher on Thursday, with the S&P 500 hitting record highs following the release of jobs data.
The past week has been a rollercoaster ride for the U.S. economy. Here?s a recap of the top stories. Labor Market Sends Warning Signal The U.S. labor market is showing a concerning sign as private sector payrolls fell in June for the first time in over two years. Read the full article here.
The Toronto Stock Exchange posted its fourth-straight record close on Friday, sticking above the 27,000 mark for a second day but gains are slowing as it managed just a minor rise.
A stronger-than-expected labor report just crushed any hopes that the Federal Reserve would lower rates this month?despite speculation from Wall Street and direct demands from President Donald Trump. In June, the U.S. economy added 147,000 jobs, topping forecasts, while the unemployment rate ticked down to 4.1%, according to the latest Bureau of Labor Statistics data released Friday.
Avery Shenfeld noted employment is the only major data release next week, on Friday, and CIBC is expecting a continuation of the recent trend, with lacklustre job gains and yet another uptick in the unemployment rate. Price: 97.85, Change: +0.10, Percent Change: +0.10. MT Newswires does not provide investment advice.
The Canadian labour market has weakened significantly since the beginning of the year with the unemployment rate hitting 7% in May, but it may be reaching a bottom soon, writes RBC Economics. Slowing has been significant, but is concentrated in sectors and regions most exposed to international trade headwinds. But with domestic demand broadly holding up, RBC doesn't expect the weakness to spread.
The damage from fraying trade relations will continue unfolding, writes TD Economics in its Weekly Bottom Line note, adding that next week's jobs report will offer another perspective into how deep that damage runs. So far, total employment has moved sideways rather than down, but under the surface, cracks are evident. MT Newswires does not provide investment advice.
Marimaca Copper (MARIF) had its price target increased to $11 from $7.50 while its Outperform rating remained unchanged at National Bank of Canada. The bank in a note on Thursday said the rating is supported by Marimaca's expected peer-leading capital intensity for the Marimaca oxide deposit in Chile, as well as further exploration upside potential over the coming quarters.
Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.
UST yields rose across the curve in response to the employment report with the two-year rising nearly 10 basis points while municipals largely ignored the moves and ratios fell as a result.
The S&P 500 and the Nasdaq Composite reached fresh record highs in a shortened trading session Thursday after official data showed the economy added more jobs than expected in June. The technology-heavy Nasdaq jumped 1% to 20,601.1, while the S&P 500 and the Dow Jones Industrial Average rose 0.8% each to 6,279.4 and 44,828.5, respectively.
US equity indexes rose this holiday-shortened week amid progress in the Trump administration's trade deals, the passage of the tax-cut bill to the House floor, and stronger-than-expected jobs data. * The S&P 500 closed at 6,272.28 on Thursday versus the close last week at 6,173.07 on Friday.
The June employment report showed that payroll growth was higher than expected, with a decrease in the unemployment rate, and hourly earnings growth slowed. Nonfarm payrolls rose by 147,000 in June after a 144,000 gain in May and a 158,000 gain in April, both revised higher from their previous estimates.
US benchmark equity indexes ended higher Thursday after the US added more jobs than expected in June. * The government's June employment report showed nonfarm payrolls rose by 147,000, topping the 106,000 increase expected in a Bloomberg survey. * The jobs report lifted Treasury yields and reduced bets on an imminent Federal Reserve rate cut.
Financial stocks advanced in Thursday afternoon trading, with the NYSE Financial Index up 1% while the Financial Select Sector SPDR Fund rose 1.1%. The Philadelphia Housing Index fell 1.4%, while the Real Estate Select Sector SPDR Fund added 0.1%. Bitcoin was adding 0.1% to $109,653, and the yield for 10-year US Treasuries rose 5 basis points to 4.34%. In economic news, the June employment repo...
"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.
The US trade deficit widened more than projected in May amid falling exports, government data showed Thursday. The goods and services deficit grew by nearly 19% sequentially to $71.52 billion in May, the Census Bureau and the Bureau of Economic Analysis reported. Exports dropped 4% to $279 billion, while imports edged 0.1% lower to $350.52 billion.
The US services sector swung back into expansion territory last month, Institute for Supply Management data showed Thursday, while an S&P Global (SPGI) survey indicated a slowdown in momentum. The ISM's purchasing managers' index rose to 50.8 in June from 49.9 the month prior.
With rate cut hopes hogging the limelight, dividend-based ETFs might finally be experiencing their comeback time. Investors are growing fond of high-yielding equity plays such as the Vanguard High Dividend Yield ETF and Schwab U.S. Dividend Equity ETF (SCHD) , as new labor market reports spark bets on a pivot by the Federal Reserve. The catalyst?
Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.9% and the Financial Select Sector SPDR Fund rising 1%. The Philadelphia Housing Index was falling 1.5%, while the Real Estate Select Sector SPDR Fund was increasing 0.3%. Bitcoin was little changed around $109,227, and the yield for 10-year US Treasuries was up 4 basis points at 4.33%. In economic...
In response to today?s release of the June 2025 employment report, Michael Eisenga, CEO of First American Properties, cautioned policymakers and investors against overconfidence in the labor market?s apparent stability. While the U.S. economy added 147,000 jobs in June exceeding expectations, Eisenga emphasized that this number masks troubling undercurrents in the workforce.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.67%. ?The average 30-year fixed-rate mortgage decreased for the fifth consecutive week. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
All three major US stock indexes were up in late-morning trading Thursday following a better-than-expected June jobs report. The June employment report showed nonfarm payrolls rose by 147,000, above the 106,000-job increase expected in a survey compiled by Bloomberg as of 7:30 a.m. ET.
Federal Reserve officials are unlikely to interpret the June employment report as a sign of labor market strength, but the data is too unclear to shift their stance in favor of a rate cut later this month, Jefferies' Chief US Economist Thomas Simons said in a note Thursday.
The US economy added more jobs than projected in June, while the unemployment rate unexpectedly ticked down, according to government data released Thursday. Total nonfarm payrolls rose by 147,000 last month, the Bureau of Labor Statistics reported.
The Institute for Supply Management's US services index rose to a reading of 50.8 in June from 49.9 in May, compared with expectations for a smaller increase to a reading of 50.6 in a survey compiled by Bloomberg as of 7:45 am ET.
Weekly applications for unemployment insurance unexpectedly declined as continuing claims held steady, government data showed Thursday, while a separate report pointed to stronger-than-expected job growth in June. The seasonally adjusted number of initial claims fell by 4,000 to 233,000 for the week ended June 28, according to the Department of Labor.
RBC on Thursday noted some "better news" in Canada's May trade data, including reporting from the U.S. Census Bureau. RBC noted the Canadian goods trade deficit narrowed in May after spiking to a record high in April.
The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.
The official U.S. jobs report for June delivered a surprisingly sharp turnaround from the gloom triggered by ADP private payroll data just 24 hours earlier. Nonfarm payrolls increased by 147,000 in June, the strongest reading so far in 2025, up from an upwardly revised 144,000 in May and well above economists? expectations of 110,000.
The June employment report showed nonfarm payrolls rose by 147,000, above the 106,000 jobs increase expected in a survey compiled by Bloomberg as of 7:30 am ET, while May payrolls saw an upward revision to a 144,000 increase and April payrolls were revised up to a 158,000 increase, for a net upward revision of 16,000 jobs.
The US international trade deficit widened to $71.52 billion in May from a revised $60.26 billion gap in April, a larger deficit than the $71.0 billion gap expected in a survey compiled by Bloomberg as of 7:30 am ET. Exports fell in the month, while imports were slightly lower.
US initial jobless claims fell to a level of 233,000 in the week ended June 28 from an upwardly revised 237,000 level in the previous week, compared with expectations for an increase to 241,000 in survey of analysts compiled by Bloomberg as of 7:30 am ET. The four-week moving average fell by 3,750 to 241,500 after decreasing by 500 to a level of 245,250 in the previous week.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust advanced 0.2% in Thursday's premarket activity, ahead of the June jobs report. US stock futures were also higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.1% and Nasdaq futures gaining 0.1% before the start of regular trading.
Alibaba Group (BABA) said Thursday it plans to issue approximately 12 billion Hong Kong Dollars in zero-coupon exchangeable bonds due 2032 tied to Alibaba Health shares listed on the Hong Kong Stock Exchange. The bonds, offered privately to non-US investors, will be exchangeable into Alibaba Health stock, cash, or both, based on terms finalized at pricing, the company said.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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