Economics Archives - Page 178 of 276

3 minute read

Nasdaq, S&P 500 Futures Wobble Amid Jobs Data Jitters: Analyst Warns Of Challenging April, Q1 Before Good Times Return

April 6, 7:01 AM

Another lackluster session appears to be in the cards on Thursday, as traders may prefer to stay on the sidelines ahead of the U.S. non-farm payrolls data due on Friday. Low volume, typical of pre-holiday trade, could characterize the session, although some wild swings in reaction to the jobless claim data and a Fed speech scheduled for the day may not be ruled out.

COST

2 minute read

Inflation Is About To Plummet, Wall Street Firm Says: Here’s When Things Should Get Back To Normal

By Piero Cingari

April 5, 2:59 PM

According to Bank of America Securities, the U.S. economy will enter a phase of sustained disinflation, which will intensify over the remainder of 2023.

TIP

1 minute read

House Leader, Taiwan President Hold Historic Meeting In U.S.

By Happy Mohamed

April 5, 1:31 PM

https://kion546.com/news/ap-california/2023/04/05/house-leader-taiwan-president-hold-historic-meeting-in-us/ House Speaker Kevin McCarthy welcomed Taiwan’s President Tsai Ing-wen for a historic meeting on U.S.

EWT

2 minute read

ISM Services PMI Misses Expectations: Investors Flock To Treasuries, Defensive Stocks Amid Economic Concerns

By Piero Cingari

April 5, 12:12 PM

The increase of economic activity in the United States' services sector slowed in March, with the ISM Services Purchasing Managers' Index dropping from 55.1 to 51.2, falling short of estimates of 54.5. Eight of the 10 subindices that constitute the overall index fell during the month.

IWM

2 minute read

Labor Market Is Cooling: ADP Job Growth Misses Expectations. Here’s How Fed Rate Bets And Markets Are Reacting

By Piero Cingari

April 5, 9:14 AM

The market got another hint of labor market weakness in the United States on Wednesday, as Automatic Data Processing, Inc. (ADP) reported 145,000 jobs added by private companies in March 2023, down from 261,000 in February and significantly below forecasts of 200,000.

SPY

2 minute read

Bullion’s Wall Street Boom: Technicals Suggest All-Time Highs Might Be Hit Soon

By Piero Cingari

April 5, 8:48 AM

Gold is having another strong week of gains, breaching the important psychological barrier of $2,000/oz and now nearing its August 2020 record high of $2,075/oz. The SPDR Gold Trust ETF (ARCA: GLD) is barely 3% away from its all-time high of $195. A series of bullish catalysts has fueled the precious metal's recent climb.

GLD

4 minute read

Nasdaq, S&P 500 Futures Fall As Markets Eye Jobs Data To Gauge Economy’s Resilience

By Shanthi Rexaline

April 5, 7:06 AM

The market mood appears to have turned defensive as traders shift their attention back to economic data, given the implication they can have on rates. Futures trading suggests that the major averages could extend their losses on Wednesday. Cues From Tuesday’s Trading: