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IT'S (NOT) PAYROLLS DAY!
Today should have seen the monthly U.S. labor market report from the BLS but the longest government shutdown on record put paid to that.
Instead, market participants have had to look elsewhere for evidence on how the economy is performing.
Wells Fargo has analysed the raft of private-sector data to make a judgement on the labour market since the shutdown, which they say remains in a "precarious - but not obviously worse - place".
"Without a clear read on labor supply, it is difficult to assess whether the current pace of job creation is sufficient to keep the unemployment rate from breaking higher," they say.
"Yet for now, the absence of broad-based layoffs suggest the jobs market is holding together, even if the risk of a more meaningful slowdown cannot be ruled out."
(Samuel Indyk)
EARLIER ON LIVE MARKETS:
"WATCH OUT" BUT DON'T "GET OUT" YET - BOFA CLICK HERE
EUROPEAN GAS STORAGE THIS WINTER LOOKS A BIT FRAGILE CLICK HERE CLICK HERE
TRUMP ONE YEAR ON: WHAT'S NEXT? CLICK HERE
STUTTERING START; MEDIA SECTOR GETS ITV BOOST CLICK HERE
EUROPE BEFORE THE BELL: FUTURES SIGNAL HIGHER OPEN CLICK HERE
THE AI DIP MAY NOT BE DONE CLICK HERE