Please note the SIA Wealth Morning Minutes will not be issued on Monday March 13th, it should return on Tuesday March 14th. US index futures are mixed as investors struggle with the implications of today’s North American employment numbers. Dow
Today’s US employment numbers were very strong. US nonfarm payrolls were far above analyst expectations (517K vs street 185K) and just as importantly, last month’s number was revised upward (260K from previous 223K). Average hourly earnings (4.3% vs street 4.9%
US index futures have been climbing following the release of today’s North American employment reports with gains of 0.6% to 0.7%. The reports turned out to be significantly better than expected. Most importantly, both US average hourly earnings (4.6% vs
Market activity, which had been quiet overnight, has sprung to life following the release of North American employment and wage numbers this morning. US nonfarm payrolls (263K vs street 250K vs previous 315K) and Canada employment (2.1.1K street +20K
Investors had already been on tenterhooks about stagflation and yesterday after the European Central Bank announced a new interest rate hike program, raised inflation guidance and cut GDP guidance, and this morning, hot inflation numbers out of the US and
US index futures have taken a sharp turn downward following the release of a brutal US employment report that suggested the economy could be in the grip of stagflation, a time of high inflation and low economic growth. Dow futures
The last day of trading before the Labor Day long weekend and the end of summer holidays finds US index futures sliding into the red following today’s US job numbers after being slightly positive for most of the morning. Overseas