4 November 2024
US Treasury yields initially fell after US NONFARM PAYROLL data for October showed the US economy barely added jobs in October with a figure of just 12k (much lower than the consensus of 106k and down sharply from the Sept figure which was already revised down to 223k), although the Oct labor data was understandably affected by hurricane disruptions and industrial strikes.
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1 November 2024
Besides the lackluster outlook from the Tech sector majors, there were still many performance reports for investors to digest; as they received the PCE PRICE INDEX report, the Federal Reserve's closely monitored Inflation benchmark slowed on an annualized basis to 2.1% during Sept, cooling from August's figure which was revised up to 2.3%.
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31 October 2024
Data showed that job creation in the US private sector surged in October to 233k, compared to 110k forecast. On the other hand, the preliminary estimate of US 3Q GDP showed a rather sluggish 3Q economic growth at 2.8% qoq, rather than 3.0% forecast and in line with the previous quarter.
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30 October 2024
The US Labor Department's JOLTS JOB OPENINGS survey showed job openings stood at 7.44 million in September, compared with a forecast of 8 million, according to a Reuters poll of economists.
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29 October 2024
This week will also be full of October's US labor reports with NONFARM PAYROLL on Friday, where consensus says employment growth slowed to 111,000 in October, reflecting the impact of strikes and weather-related disruptions from Hurricanes Helene and Milton.
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