China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
China's export growth gathered pace in April as factories raced to meet a wave of orders from AI-related industries and other buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher.
China's export growth gathered pace in April as factories raced to meet a wave of overseas orders from buyers seeking to stockpile components amid fears the Iran war could push global input costs even higher. Exports expanded 14.1% from a year earlier in U.S. dollar value terms, customs data showed on Saturday, outpacing the 2.5% gain in March and a 7.9% rise tipped by economists.
A softer Canadian jobs report today saw the unemployment rate up to 6.9% and resulted in a rates rally and curve steepening, RBC Capital Markets said in its latest CAD Weekly Soundbites note. Canadian data also reinforced the Canadian dollar's underperformance versus its G10 commodity and higher-yielding peers over the past month, RBC said.
* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.
"The rates market has started to turn from the upper end of the trading range this week," Barclays (BCS) strategists wrote, but with the war with Iran still driving the market, nothing is certain.
The ongoing war with Iran and its shock to oil prices and supplies have rocketed to the top of the list of concerns for financial stability, according to a semi-annual Federal Reserve report released on Friday.
US equity indexes ended higher on Friday, with the technology sector posting big gains and positive employment data amid reports that the US struck Iranian tankers while awaiting a response to its peace proposal. * The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.
* Fed report highlights inflation, growth risks from prolonged Middle East conflict and oil shock. * AI, private credit flagged as emerging financial stability concerns by survey respondents. * Fed says private credit risks are currently manageable, but warns of potential credit tightening. By Pete Schroeder.
U.S. job growth topped expectations for a second straight month in April - and by a hefty margin - while the unemployment rate held steady, showing the labor market is resilient in the face of the U.S.-Israeli war on Iran and the inflation pressures it has created. But looking beyond that headline figure, the job market is far from booming.
The National Association of Realtors' measure of US existing-home sales is expected to accelerate to a 4.05 million annual rate in April, based on a survey compiled by Bloomberg, after falling by 3.6% to a 3.98 million rate in March. Existing-home sales were at a 4.02 million rate in April 2025, so the year-over-year change would be slightly positive.
The April employment report was mixed, with payrolls growth stronger than expected the unemployment rate unchanged, and hourly earnings growth slower than expected. Nonfarm payrolls rose by 115,000 in April after an upwardly-revised 185,000 gain in March and a downwardly revised 156,000 decline in February.
* US job growth beats expectations, S&P, Nasdaq hit records. * Intel shares surge on Apple (AAPL) deal report. * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk.
US benchmark equity indexes were higher intraday as traders parsed the latest jobs report, while oil prices climbed amid renewed tensions in the Strait of Hormuz.
Application complements Kraken Financial, the first digital asset bank to hold a Federal Reserve master account Payward, Inc., a unified financial infrastructure platform advancing an open, global financial system, has filed an application with the Office of the Comptroller of the Currency for a national trust company charter.
Manufacturing Shipments data due out next Friday "should look reasonably healthy" for March, but will look weaker in volume terms, says CIBC's Avery Shenfeld. Existing Home Sales on Thursday and Housing Starts on Friday, both for Aprii, won't alter the picture of a sector that's been "a drag on growth" in the past year, Shenfeld adds.
PPL Corp (PPL) on Friday underscored rising data-center power demand, citing a strong pipeline of requests and future load growth, as it narrowly beat first-quarter profit estimates, helped by higher retail rates in Kentucky. U.S. electricity demand hit record levels in 2025 and is expected to accelerate further as Big Tech firms ramp up power usage at fast-growing data centers.
US consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to all-time lows, University of Michigan's preliminary survey showed Friday. The main sentiment index dropped to 48.2 in May from April's 49.8, which itself was a record low figure.
Fitch: * FITCH UPGRADES GHANA TO 'B'; OUTLOOK POSITIVE. * FITCH: GHANA'S ACCOUNT SURPLUS WILL REMAIN STRONG IN 2026. * FITCH: EXPECT GHANA'S REAL GDP GROWTH WILL REMAIN SOLID THROUGH 2027. * FITCH: UPGRADE ON GHANA RATINGS REFLECTS SHARP FALL IN PUBLIC DEBT/GDP, SUPPORTED BY REAL GDP GROWTH.
* US job growth beats expectations, S&P gains 0.8% * Brent hovers near $100/barrel on renewed Mideast hostilities. * U.S. consumer sentiment slumps. By Lawrence Delevingne and Samuel Indyk. Global equities were mixed on Friday as new U.S. data showed domestic job growth, although consumer sentiment fell and oil prices remained elevated on continued fighting near the Strait of Hormuz.
* Canadian dollar falls 0.2% against the greenback. * Touches its weakest level since April 29 at 1.3710. * Canada's economy sheds 17,700 jobs in April. * Bond yields ease across a steeper curve. By Fergal Smith.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview.
The US economy added more jobs than projected in April, allaying concerns about a slowdown in the labor market and likely allowing the Federal Reserve to stick to its current policy stance. Total nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, well above the 65,000 increase expected in a Bloomberg-compiled survey.
U.S. consumer sentiment slumped to a record low in early May as higher gasoline prices weighed on household finances and purchasing power, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index fell to an all-time low of 48.2 this month from a final reading 49.8 in April.
Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.
Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential threat to financial stability.
The University of Michigan's preliminary consumer sentiment index fell to 48.2 in May from 49.8 in April, lower than the expectations for a smaller decrease to 49.5 in a survey compiled by Bloomberg.
Editor?s note: This article was updated to add details and context. The U.S. labor market added 115,000 nonfarm payrolls last month, blowing past economist forecasts for 62,000, the Bureau of Labor Statistics reported Friday. The print marks a slight deceleration from the prior month?s upwardly revised 185,000 gain.
A modest drop in employment coupled with a sizeable jump in the labour force drove up the unemployment rate two ticks this month, noted TD Economics in looking at the key implications of today's employment data for April.
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time.
Strong U.S. hiring data in April dealt prospective Federal Reserve Chair Kevin Warsh's hopes of cutting interest rates a setback on Friday, giving officials greater latitude to use monetary policy to tackle increasingly high inflation. The U.S. economy added 115,000 jobs in April, exceeding analysts' forecasts, following an upwardly revised job gain of 185,000 in March.
The Canadian labor market continued its "weak start" to 2026 in April, with a third decline in employment within the first four months of the year, seeing the unemployment rate rise further, said CIBC after Friday's Labour Force Survey.
Electric utility PPL Corp (PPL) narrowly beat Wall Street estimates for first-quarter adjusted profit on Friday, helped by higher retail rates at its Kentucky regulated segment.
Canada lost 18,000 jobs, or 0.1% month over month in April, while the unemployment rate increased by 0.2 percentage point to 6.9%, as more people searched for work, said the country's statistical agency in Friday's Labour Force Survey. The employment level and unemployment rate were worse than expected.
The April employment report showed nonfarm payrolls rose by 115,000, above the 65,000 jobs increase expected in a survey compiled by Bloomberg, while March payrolls were revised up to a 185,000 increase and February payrolls were revised down to a 156,000 decrease. Private payrolls rose by 123,000 in April after a 190,000 increase in March, well above the increase of 75,000 private jobs expected.
U.S. employment increased more than expected in April, pointing to labor market stability and reinforcing expectations the Federal Reserve would keep interest rates unchanged for some time as the war with Iran fans inflation.
U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy. A Labor Department report showed the U.S. economy added 115,000 jobs last month, compared with the economists' estimates for a rise of 62,000.
* Nonfarm payrolls increase 115,000 in April, above expectations for a 62,000 gain. * The number of part-time workers rises 445,000 to 4.9 million. * Unemployment rate unchanged at 4.3% as people drop out of the labor force. By Lucia Mutikani.
The U.S. labor market added 115,000 nonfarm payrolls last month, blowing past economist forecasts for 62,000, the Bureau of Labor Statistics reported Friday. The print marks a slight deceleration from the prior month?s upwardly revised 185,000 gain. The unemployment rate held at 4.3%, unchanged from the previous reading and in line with the 4.3% consensus.
U.S. stock index futures extended gains on Friday after a stronger-than-expected jobs report signaled resilience in the labor market and eased concerns about a slowdown in the U.S. economy. A Labor Department report showed the U.S. economy added 115,000 jobs last month, compared with the economists' estimates for a rise of 62,000.
* Canada's unemployment rate climbs to 6.9% in April. * Economy lost a net 17,700 jobs last month, StatsCan says. * Average hourly wages of permanent employees grew 4.8% * Participation rate at 65% in April as population ages. By Promit Mukherjee.
The US dollar rose against its major trading partners early Friday ahead of the release of the April employment report at 8:30 am ET. Nonfarm payrolls are expected to rise by 65,000 after a 178,000-job gain in March, while the unemployment rate is forecast to remain at 4.3%, and hourly earnings are expected to rise by 0.3% after a 0.2% gain.
The benchmark US stock measures were pointing higher before the open Friday as investors weigh renewed tensions in the Strait of Hormuz and await a key employment report for April. The S&P 500 rose 0.4%, the Dow Jones Industrial Average increased 0.2% and the Nasdaq added 0.6% in premarket activity.
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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