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Labor Market RecoveryTitle:
Wall Street Will Probably Resume Rally As Debt Talks Progress In Greece
It was light at the end of the tunnel for the global economy, seeing Greece debt-talks back on track, yet revolted with uncertainty as we head into a slack day for the world's largest economy. Eyes are laser-focused on debt-chocked Greece with a sliver of optimism as Greek Premier meet with political leaders to finalize the terms of an international aid before the March 20 Deadline.
If truth be told, Greece's political parties are given another shot on Wednesday to channel a reform deal in ...
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Asian stocks drop as Greece failed to meet the deadline; focus remains on Europe
As Greece failed to meet Monday’s deadline and did not decided on the terms of a new bailout that will secure the 130 billion euro, the prospects of a default in March widened, which could threaten other euro zone countries. As conditions in Europe may be deteriorating, the outlook for the global recovery is worsening.
This is also making the outlook for the Asian economies gloomy and may lead to more cuts in profit forecasts by companies; thereby investors in Asia lost their appetite for risk ...
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Fed should raise rates in 2013, Bullard says
(Reuters) - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that even if rates stay near zero for many years, U.S. economic output will not bounce back to pre-recession levels.
Last month the Fed said it was likely to keep interest rates exceptionally low through late 2014 to bolster a recovery that was moving too slowly.
St. Louis Fed President James Bullard said he disagreed with that decision, arguing that the housing collapse ...
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Forex - Aid Talks Stall in Athens
Forex News and Events:
High yielding currencies continued to outperform as the developed nations central banks have all committed to a sustained period of ultra-loose monetary policy (unlimited free liquidity) and the contraction of volatility has put the carry trade back on the map. As with the crowded dividend trading in the equity markets, we suspect that growth projections in many of these nations have already been priced in. So the kicker at this point will only be the interest rate ...
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Weekly Economic and Financial Commentary : 05/02/2012
Weekly Economic and Financial Commentary : 05/02/2012
U.S. Review
Off to a Good Start for the Year
The employment report for January showed that 243,000 jobs were added with the unemployment rate declining slightly to 8.3 percent. The details of the report however, suggest that unseasonably warm weather may be playing a role in the stronger job gains.
The ISM-Manufacturing Index posted a marginal improvement in January as new orders jumped for the month. Export orders also posted a ...
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Positive signs from Europe in January; beating the debt-crisis is still possible
Another positive week for Europe comes to an end; however, we can see the European common currency ended this week with losses as the unexpected cheerful jobs report for the world's largest economy sent the euro to the downside as the U.S. dollar gained momentum on stronger recovery prospects and better projections for economic growth.
This critical week was in focus during the entire sessions, where this week contained the European Summit in addition to the several important fundamentals from ...
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Jobless rate at 3-year low as payrolls surge
(Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
Nonfarm payrolls jumped 243,000, the Labor Department said on Friday, as factory jobs grew by the most in a year. The jobless rate fell to 8.3 percent - the lowest since February 2009 - from 8.5 percent in December.
The gain in employment was the largest since April and it far outstripped the ...
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Dollar gains versus euro and yen on strong U.S. jobs data
The dollar gained against the yen and euro on Friday, sending both to session lows after a report showed a larger-than-expected gain in U.S. jobs, which investors perceived as reducing the likelihood of further stimulus by the Federal Reserve anytime soon.
To some investors it even suggested the U.S. central bank may raise interest rates sooner than it has indicated in recent days. Higher rates will raise the attractiveness of dollar-denominated securities and demand for the dollars to buy them. ...
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The superpower's labor market continuous deterioration may be slightly easing but remains nowadays m
Today is the day that traders and overall people were patiently waiting for since the Jobs Report will be released to actually give us a hint on the current health of the world's leading economy, knowing unfortunately that the key sector; the labor market remains deeply deteriorated despite slight signs of enhancement, which will therefore continue on postponing a full strong recovery from the recession to be witnessed throughout the country.
In truth be told, the present recovery path gained ...
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