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Canada labour market: Tariff effects assessed – RBC
Royal Bank of Canada analysts review Canada’s September labour report, the first full dataset since U.S. Section 338 tariffs took effect. They estimate around 0.4% of Canada’s GDP and employment is tied to tariff-listed US demand.
RBI to keep tightening risks alive – MUFG
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee highlight that Asia FX will be driven by the Reserve Bank of India’s (RBI) finely balanced decision on 7 October.
US labour market: Softer jobs ease Fed hike risk – ABN Amro
ABN Amro’s Rogier Quaedvlieg notes September US labour market data came in weaker than expected, with payrolls at 29k versus consensus 90k and prior months revised down by 60k. He see the report as mixed but consistent with its base case and reducing pressure for an October Fed hike.
United States Factory Orders (MoM) meets expectations (0.1%) in August
United States Factory Orders (MoM) meets expectations (0.1%) in August
Euro rebounds above 1.1250 after weak US jobs data weighs on US Dollar
EUR/USD rebounds to around 1.1260 on Friday, gaining 0.16% on the day at the time of writing, after hitting an intraday low of 1.1221 earlier in the day.
Singapore Manufacturing PMI increased to 51.7 in September from previous 51.5
Singapore Manufacturing PMI increased to 51.7 in September from previous 51.5
Euro: October ECB hike odds seen limited – Standard Chartered
Standard Chartered Global Research team discusses Euro area monetary policy, noting that core inflation has only edged up slightly since January and that higher yields pose downside risks to both growth and inflation. The authors judge that these factors reduce the chances of an October rate hike and expect the Governing Council to wait for new macroeconomic projections at the December policy meeting.
United States Unemployment Rate above expectations (4.1%) in September: Actual (4.2%)
United States Unemployment Rate above expectations (4.1%) in September: Actual (4.2%)
United States Nonfarm Payrolls came in at 29K below forecasts (90K) in September
United States Nonfarm Payrolls came in at 29K below forecasts (90K) in September
United States U6 Underemployment Rate fell from previous 7.7% to 7.6% in September
United States U6 Underemployment Rate fell from previous 7.7% to 7.6% in September
United States Labor Force Participation Rate rose from previous 61.6%Â to 61.8% in September
United States Labor Force Participation Rate rose from previous 61.6%Â to 61.8% in September
United States Average Hourly Earnings (YoY) below expectations (3.2%) in September: Actual (3%)
United States Average Hourly Earnings (YoY) below expectations (3.2%) in September: Actual (3%)
United States Average Weekly Hours came in at 34.4, above expectations (34.3) in September
United States Average Weekly Hours came in at 34.4, above expectations (34.3) in September