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9 September 2024
The US economy added fewer jobs than expected in August, but improved from July's sharply revised figure, according to Labor Department data; where this data could influence the next policy decision by the Federal Reserve.
6 September 2024
Investors are paying close attention to important employment data due on Friday. Markets are seen jittery ahead of the release of comprehensive NONFARM PAYROLLS data - which is likely to be the benchmark for the Federal Reserve to start cutting interest rates later this month.
5 September 2024
The closing of the US market due to the Juneteenth holiday did not make investors lose their way. Today it is the turn of Asian market players who will initially focus on the central banks of CHINA & INDONESIA where both countries' central banks will decide on policies related to interest rates today.
4 September 2024
Market sentiment also weakened as the Institute for Supply Management (ISM) explained US manufacturing data remained sluggish in contraction territory for August despite a slight improvement from July's 8-month low.
3 September 2024
US stock markets were closed for the Labor Day holiday, but that didn't stop market sentiment coming in from Asian & European exchanges. EUROZONE PMI remained in contractionary territory at 45.8 in August, although this figure was slightly better than forecast but the manufacturing sector was noticeably depressed by continued weak activity in Germany & France, according to a report by Hamburg Commercial Bank and S&P Global.
