Here’s what you need to know ahead of the jobs report

The Bureau of Labor Statistics will release the March jobs report at 15:30 on Friday. The strong private-employment report from staffing giant ADP has jolted confidence that the official jobs report will also show solid hiring. Employers added 263,000 jobs in March. Here are Wall Street’s forecasts for the jobs report: Nonfarm payrolls: +180,000 Unemployment […]

BlackRock and JPMorgan Chase are worried about the US economy

Two of Wall Street’s most influential CEOs — Larry Fink and Jamie Dimon – are raising warning flags over the nation’s economy. BlackRock Inc’s Fink said Thursday that U.S. growth is slowing on concern whether the Trump administration’s agenda will get through Congress. Dimon lamented that “it is clear that something is wrong” with the nation […]

Filings for U.S. Jobless Benefits Drop to a Five-Week Low

Applications for U.S. unemployment benefits declined to a five-week low, highlighting a strong job market, a Labor Department report showed Thursday. Jobless claims fell by 25,000, the biggest drop since April 2015, to 234,000 in the week ended April 1. The median forecast in a Bloomberg survey called for 250,000. Source Bloomberg

Democracy in Hungary weakens

Hungary is the least democratic country in all former communist countries in the EU after Croatia. Since Prime Minister Viktor Orban promised to eradicate liberal democracy in 2014, the country deepens its decline, which reflects in Poland. Corruption, influence over the media, the impact on the electoral process and intimidation of non- governmental organizations deteriorate. […]

Inflation swaps fade from highs

It seems investors have placed their bets — or have done their hedging — for France’s April 23 first-round vote as the 10-year France-Germany spread continues to trade sideways. Macron’s victory on the second-round ballot has emerged as consensus. But a stronger-than-expected showing from Le Pen (say, above 30%) in the first round may be […]

BOE Policy Tightening Better Late Than Premature

When it comes to raising U.K. interest rates, it’s better to be late than early, according to Bank of England policy maker Gertjan Vlieghe. With the benchmark rate at a record-low 0.25 percent and asset purchases “an imperfect substitute,” the BOE’s nine-member policy setting committee has less room to ease measures than to tighten. He […]

BMW beat Mercedes on sales in March

For the first time this year, BMW outsold  Mercedes-Benz to lead in the U.S. luxury auto market, according to figures for March. Through the first three months of 2017, however, Mercedes remains on top by more than 7,400 vehicles sold. Source Bloomberg

The Dow hasn’t closed below this important chart level since Election Day

   In a sign that the stock market’s upward trend is losing steam, the Dow Jones Industrial Average temporarily broke below its 50-day moving average on Monday, a level that is often viewed as a measure of near-term momentum. The Dow traded as low as 20,517.82 in earlier activity, below its 50-day average. The Dow’s […]

This bearish trend for stocks may mask a rally in waiting

The S&P 500 began April with a decline that takes it within 10 points of closing below its 50-day moving average. While that typically means a bearish turn for the market, it by no means is a sign to head for the exit, according to analysts at Bespoke Investment Group. As of Monday, the S&P […]

The outflow of assets from alternative and ETF-highest since 2014

ETFs that seek to replicate the strategies of hedge funds are subject to withdrawals. Investors withdrew about $ 95mln, or 4.5% of assets so far this year of US-ETF classified as alternative. This is the biggest outflow since the first quarter of 2014 until now. Source Bloomberg