Gold Declines as US Jobs Data Fuels Debate on Fed Rate Cut Size (06.09.2024)
Gold fell after a mixed jobs report added to the ongoing debate over how deep the Federal Reserve is going to cut interest rates at its September meeting.
Fed’s Waller Says Jobs Data ‘Requires Action,’ Open to Big Cut (06.09.2024)
Federal Reserve Governor Christopher Waller said it’s important for the US central bank to begin cutting interest rates this month amid rising risks of further weakening in the labor market.
US Hiring Comes Up Short in Possible Warning Sign for Fed (06.09.2024)
US hiring fell short of forecasts in August after downward revisions to the prior two months, a development likely to fuel ongoing debate over how much the Federal Reserve should cut interest rates.
Summers Says Jobs Weakness Makes It Closer Call on Fed Going 50 (06.09.2024)
Former Treasury Secretary Lawrence Summers said that while the August employment report wasn’t particularly poor, it did make predicting the size of the Federal Reserve’s likely interest-rate cut this month a tougher call.
Stocks Hit by Jobs in Worst Week Since March 2023: Markets Wrap (06.09.2024)
Stocks saw their worst week since March 2023 and bonds whipsawed as another disappointing US jobs report revived concerns the economy is cooling and the Federal Reserve is moving too slow to rescue it.
US August Jobs Report to Show Bounce in Hiring as Labor Market Steadies (06.09.2024)
Forecasters anticipate a monthly report on US employment will show a bounce in hiring and a tick lower in the unemployment rate in August, marking a stabilization after the July data sparked a growth scare in financial markets.
Oil Set for Deep Weekly Loss Even as OPEC+ Delays Adding Barrels (06.09.2024)
Oil was poised for a deep weekly loss on persistent concerns about soft demand and ample supply, with OPEC+ delaying a planned increase in production amid the dour outlook.
Europe Pulls Back From EV Shift as VW and Volvo Scale Back Ambitions (06.09.2024)
Europe is stalling for time in the electric-car race as the region’s automakers struggle with the transition and politicians become wary of fueling voter frustrations.
Wie schlecht geht es der deutschen Wirtschaft? (05.09.2024)
Stagnation statt Wachstum: Das ifo-Institut hat seine Konjunkturprognose gesenkt, auch andere Institute rechnen für 2024 nicht mehr mit einem Wachstum. Wie schlecht geht es der Wirtschaft wirklich? Von L. Hiltscher.
Stocks Fall as Jobs Leave ‘Little Room for Error’: Markets Wrap (05.09.2024)
Asian stocks regained some ground after a global selloff as traders awaited this week’s US payrolls data to gauge the extent of the Federal Reserve’s easing.
Wall Street’s Big Bet on Jumbo Fed Cuts Hangs on US Jobs Report (05.09.2024)
The bold bet from the likes of Citigroup Inc. and JPMorgan Chase & Co. that the Federal Reserve will slash interest rates by a half-percentage-point this month faces its biggest test yet from Friday’s US jobs report.
Election 2024: Trump Vows to Cut Corporate Taxes, Tap Musk for Federal Audit (05.09.2024)
Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitched his agenda to Wall Street and corporate leaders in New York.
Fed Cuts to Take US Interest Rates No Lower Than 3%, Oaktree’s Marks Says (05.09.2024)
US interest rates will settle in a range of between 3% and 4% after reductions by the Federal Reserve, according to Oaktree Capital Management LP’s Howard Marks.
Oil Swings as OPEC+ Production Pause Vies With Risk-Off Mood (05.09.2024)
Oil fluctuated between gains and losses after risk-off sentiment in broader markets vied with an OPEC+ agreement to pause its planned crude production increase for two months.
Rate Options Show Rising Bets on a Half-Point Fed Cut This Month (04.09.2024)
Rate options traders stepped up wagers that the Federal Reserve will kick off its easing cycle with a half-percentage-point cut this month, reflecting the increasing speculation that policymakers will act aggressively to keep the economy from sputtering.
Top Global Banks See China Struggling to Hit 5% Growth Target (04.09.2024)
A vast majority of global banks now expect China’s economy to grow less than 5% this year, with Bank of America Corp. the latest to slash its forecast, joining the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co.
JPMorgan Scraps Bullish China Stocks Call on Trade War Risk (04.09.2024)
JPMorgan Chase & Co. abandoned its buy recommendation for Chinese stocks, citing heightened volatility around the upcoming US elections in addition to growth headwinds and tepid policy support.
Stock Market Faces Potential Correction If Jobs Data Is Weak, Goldman Says (04.09.2024)
The stock market could be heading for correction if payrolls data comes in weak on Friday, according to Scott Rubner, managing director for global markets and tactical specialist at Goldman Sachs Group Inc.
Ukraine Currency: Ukraine Braces for IMF Pressure to Devalue Currency, Cut Rates (04.09.2024)
Ukrainian officials are preparing for the International Monetary Fund this week to push it to devalue its currency faster, cut interest rates and strengthen its tax-raising efforts to fill the country’s budget gap, according to people familiar with the situation.
Capital Gains Tax Rate Should Be Below 39.6%, Harris Says (04.09.2024)
Vice President Kamala Harris called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic agenda and draw a contrast with Republican rival Donald Trump.
China Weighs Cutting Mortgage Rates in Two Steps to Shield Banks (04.09.2024)
China is considering cutting interest rates on as much as $5.3 trillion of mortgages in two steps to lower borrowing costs for millions of families while mitigating the profit squeeze on its banking system.
Bostic Says Risks to Fed’s Jobs, Inflation Goals Now in Balance (04.09.2024)
Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank’s two mandates — stable prices and maximum employment — are now in balance for the first time since 2021, though he added he is “not quite prepared” to declare victory over inflation.