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Stocks, Bonds, and the Dollar All Fall — U.S. Jobs Report Disappoints: Is a September Rate Cut Now Certain?
TradingKey - The U.S. July jobs report came in far weaker than expected, compounded by disappointing guidance from tech giant Amazon, sending U.S. stocks sharply lower on Friday. Investor bets on a Federal Reserve rate cut surged, with the probability of a September cut jumping to 80.5%TradingKey
Fri, Aug 1
US construction spending extends decline in June
WASHINGTON, Aug 1 (Reuters) - U.S. construction spending dropped further in June amid a sharp decline in outlays on single-family housing projects because of higher mortgage rates and rising inventory.The Commerce Department's Census Bureau said on Friday that construction spending fell 0.4% aft...Reuters
Fri, Aug 1
Euro zone yields drop, markets boost bets on ECB rate cuts after US data
By Stefano Rebaudo Aug 1 (Reuters) - Euro area bond yields fell on Friday after data showed the U.S. economy created fewer jobs than expected, increasing the likelihood that the Federal Reserve will cut rates next month.U.S. jobs growth slowed while the prior month's data was revised sharply ...Reuters
Fri, Aug 1
US manufacturing extends slump; factory employment lowest in 5 years
WASHINGTON, Aug 1 (Reuters) - U.S. manufacturing contracted for a fifth straight month in July and factory employment dropped to the lowest level in five years amid tariffs that have raised prices of imported raw materials.The Institute for Supply Management (ISM) said on Friday that its manufacturi...Reuters
Fri, Aug 1
Fed's Hammack notes 'disapointing' jobs report in Bloomberg TV interview
By Michael S. DerbyNEW YORK, Aug 1 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said a "disappointing" jobs report released Friday doesn't mean the Fed should have cut rates at its policy meeting this week. “I feel confident with the decision that we made earlier ...Reuters
Fri, Aug 1
Canada manufacturing PMI shows activity declining for sixth straight month in July
By Fergal Smith TORONTO, Aug 1 (Reuters) - Canada's manufacturing sector contracted for a sixth straight month in July as tariffs undercut trade with the United States and spurred firms to reduce inventory as well as staffing levels, data on Friday showed.The S&P Global Canada Manufacturi...Reuters
Fri, Aug 1
TREASURIES-US yields tumble after weaker than expected payrolls data
By Gertrude Chavez-Dreyfuss NEW YORK, Aug 1 (Reuters) - U.S. Treasury yields plunged after data showed on Friday the world's largest economy created fewer jobs than expected in July, increasing the odds that the Federal Reserve will resume cutting interest rates at its September meeting. ...Reuters
Fri, Aug 1
