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Stock Market Update For The Week Ahead: 'Positive Performance Regardless Of Which Party Wins'
Monday, November 2, 2020 - 9:40am | 1238The Past Week, In A Nutshell What Happened: Last week ended negative despite better-than-expected earnings. Remember This: “Overall market performance also tends to stall leading into an election," said Phil Mackintosh, Nasdaq Chief Economist. "Although once a result is known,...
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'A Clear Break With Prevailing Policy': Stock Market Update For The Week Ahead
Sunday, August 30, 2020 - 2:32pm | 2206The Last Week In A Nutshell What Happened: Last week ended positive, with broad gains in all S&P 500 sectors. Remember This: “Some data suggests consumer health has started to improve,” said Lindsey Bell, chief investment strategist at Ally Financial Inc (NYSE: ALLY)-owned Ally...
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Friday's Market Minute: Ecodata In Focus
Friday, December 6, 2019 - 10:11am | 331This morning it's all about Non-Farm Payrolls, U.S./China trade negotiations, and OPEC’s decision to increase production cuts. Let’s begin with the data scheduled for release this morning at 8:30AM ET, when the Commerce Department will release its monthly breakdown on the U.S. labor...
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FED Preview: Dots Before Our Eyes
Wednesday, March 20, 2019 - 10:19am | 1090Fed Funds 2.25%-2.5% target range not in contention at this FOMC Market focus will be on the Projection Materials December listed GDP 2.3% in 2019, 2.0% in 2020; PCE inflation 1.9% and 2.1%; Fed Funds 2.9% and 3.1%; unemployment rate 3.5% and 3.6%. The Federal Reserve will conclude its two day...
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Bulls Are Breaking Down EUR/USD On Data-Packed Friday
Friday, March 1, 2019 - 11:12am | 646EUR/USD is consolidating the losses following the upbeat US GDP. A busy day awaits traders, with the ISM Manufacturing PMI standing out. The technical picture is becoming bearish. EUR/USD is cooling from the highs as markets continue digesting the upbeat US GDP that came out at 2.6% annualized....
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Non-Farm Payrolls Preview: When The Facts Change So Will The Perception
Friday, February 1, 2019 - 12:06pm | 948ADP private payrolls for January come in stronger than expected at 213,000, estimate had been 178,000 Jobless claims indicate a healthy labor market Scarcity of US statistics, the government shutdown and global concerns have prompted Fed caution despite the strength of the US economy The US...
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GBP/USD Forecast: Sterling Supported By Dovish Fed As Europe Opposes Brexit Re-Negotiation
Thursday, January 31, 2019 - 11:48am | 459The GBP/USD is trading back above 1.3100 level after dovish Fed saw US Dollar falling across the board. The European Union officials unanimously voiced reluctance to re-open the Brexit deal negotiations with the UK Prime Minister May. With 57 days before the UK leave the European Union, the clock...
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Fed Rate Hike Chatter Grows Louder As Economic Data Point To Strong Momentum
Friday, December 2, 2016 - 12:47pm | 845The Federal Reserve's monetary policy setting arm, or the FOMC is set to sit across the table for one last time this year to deliberate on rates. It's sure an unenviable task, given the fine line central bankers have to tread in deciding the apt course of the monetary policy. A wrong move can...
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#PreMarket Primer: Friday, April 4: Markets Pause Ahead Of Jobs Report
Friday, April 4, 2014 - 7:04am | 1061US non-farm payrolls data due out later on Friday is expected to show that employers added 200,000 new jobs in March following February’s 175,000 increase. If the data meets expectations, it will add to a growing list of indicators which show that the US economy is on track for growth. The US...
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Dollar Sharply Lower After Non-Farm Payroll Miss
Friday, January 10, 2014 - 5:35pm | 383On Friday, the U.S. Bureau of Labor Statistics reported U.S. non-farm payrolls missed expectations of 196.000 by a broad margin; coming in at only 74,000, the smallest gain in three years. The prior month's figure was revised higher to 241,000. In 2013, job growth averaged 182,000 per month,...
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November Jobs Report Shows 203,000 Jobs Gained
Friday, December 6, 2013 - 12:02pm | 147Jobs, jobs, and more jobs — they're what's on the mind of many Americans and today, and the shine of silver lined the Labor Department's employment report, with unemployment down to seven percent from 7.3 percent in October and non-farm payrolls increased by 203,000, with an October revision from...
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July Services PMI Round-Up: China Bounces, U.K. Shines As Germany Fades
Monday, August 5, 2013 - 11:15am | 843Over the weekend and early Monday, services PMIs for major economies around the world were released. China's services data relaxed fears of a hard landing for the economy while the British sector showed strong growth in July while Germany disappointed. The ISM Services Index in the U.S. also...
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Benzinga Market Primer: Monday, August 5: Futures Flat On Relaxed China Fears, Emerging Market Rebound
Monday, August 5, 2013 - 6:30am | 1023Futures Flat On Relaxed China Fears, Emerging Market Rebound U.S. equity futures were flat in early pre-market trade as services data out of China showed that the economy continued to chug along at low levels in July. Also, easing fears over imminent Federal Reserve tapering led to rebounds in...
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Weekly Preview: Earnings Season Continues, Fed In Focus, Economic Maelstrom Expected
Friday, July 26, 2013 - 4:05pm | 2337Weekly Preview: Earnings Season Continues, Fed In Focus, Economic Maelstrom Expected Next week, earnings season continues with hundreds of companies set to report earnings. Also, there is a flood of economic data due out in the next week from around the world. Further, the Federal Reserve, the...
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June Non-Farm Payrolls Blow Away Estimates, Boosted By Summer and Part-Time Jobs
Friday, July 5, 2013 - 9:24am | 769Non-Farm Payrolls rose faster than expected in June as teenagers began to take summer jobs. The unemployment rate remained flat in the month while manufacturing payrolls slumped. Stocks gained as bonds and precious metals sold off on the news as markets began to price in more or sooner tapering of...