REPRESENTING

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

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Column: When Market Forecasters Should Earn Their Credentials: McGeever

Column: When Market Forecasters Should Earn Their Credentials: McGeever

ORLANDO, Fla., Dec 8 (Reuters) – When Yogi Berra said it was hard to make predictions, especially about the future, he probably didn’t have financial market analysts in mind. But the famous baseball player’s famous malapropism, also similarly expressed by others, probably applies as much to predicting the outlook for stocks, bonds and currencies as …

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US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market remains tight despite continued claims hitting 10-month high

Weekly jobless claims rise by 4,000 to 230,000 Continuing claims rise by 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the Reserve federal government is …

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Stocks and bond yields fall as US data clouds Fed rate outlook

Stocks and bond yields fall as US data clouds Fed rate outlook

Wall Street extends losses as recession worries mount Crude oil at lowest since January Bank of Canada signals slowing pace of rate hikes China eases COVID rules but imports and exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – Global stocks fell further and Treasury yields fell on Wednesday as U.S. worker productivity data beat …

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S&P posts fourth straight decline as recession talk weighs on Wall Street

S&P posts fourth straight decline as recession talk weighs on Wall Street

Meta stumbles upon EU concern report over targeted ads Energy stocks fall as crude trades at lowest level since January Indices down: Dow 1.03%, S&P 1.44%, Nasdaq 2% Dec 6 (Reuters) – Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as jittery investors worried about Federal …

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The US service industry is picking up;  factory orders are accelerating

The US service industry is picking up; factory orders are accelerating

Activity in the services sector picks up in November Employment rebounds; supplier deliveries are improving Factory orders rise 1.0% in October WASHINGTON, Dec 5 (Reuters) – U.S. service-sector activity unexpectedly accelerated in November, with employment rebounding, offering further evidence of underlying economic dynamics. economy as it prepares for an anticipated recession next year. Monday’s Institute …

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Asian equities bet on a possible opening of China;  oil gain

Asian equities bet on a possible opening of China; oil gain

https://tmsnrt.rs/2zpUAr4 Chinese stocks climb, dollar slides More Chinese cities ease coronavirus controls Russian oil cap goes into effect, impact uncertain SYDNEY, Dec 5 (Reuters) – Asian stocks extended their rally on Monday as investors hoped moves to lift pandemic restrictions in China would eventually improve the outlook for global growth and demand for commodities, pushing …

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US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market shrugs off recession fears; keeps the Fed on a tightening path

Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …

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As Fed plans to 'rise and hold,' new projections could show cost

As Fed plans to ‘rise and hold,’ new projections could show cost

WASHINGTON, Dec 2 (Reuters) – New projections from the U.S. Federal Reserve, released later this month, alongside an expected half-point hike in interest rates, could show that the target rate for the central bank is heading towards levels last seen on the eve of the 2007 financial crisis, and will also reveal policymakers’ best estimate …

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US job growth likely slowed further in November;  labor market still tight

US job growth likely slowed further in November; labor market still tight

Non-farm payrolls forecast to increase by 200,000 in November Unemployment rate unchanged at 3.7% Average hourly wage forecast up 0.3%; up 4.6% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. job growth was likely the weakest in nearly two years in November as growing fears of a recession dampened demand for labor, which could give the …

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