Stocks and Oil Rebound as Focus Turns to Employment Data
North American employment reports were disappointing as US Nonfarm Payrolls (151K vs street 160K) and Canada employment (1K vs street 20K) both came in below expectations. Wage inflation was steady in the US near 4.0%, but accelerated in Canada to 4.0% from 3.7% last month. US index futures are climbing 0.2% to 0.6% on this […]
Stocks Pause, Bitcoin Retreats as Treasury Yields Climb
US index futures are mixed this morning with NASDAQ futures down 0.5% and Dow Futures up 0.1%. This sluggishness following two days of strong gains for US markets following the Inauguration so far appears to be normal profit-taking. European markets are climbing this morning, with the Dax up 0.3% and the FTSE up 0.2%. The […]