Private nonfarm payrolls in the US are projected to increase by 184,000 (seasonally adjusted) in tomorrow’s October update of the ADP Employment Report vs. the previous month, based on The Capital Spectator’s average point forecast for several econometric estimates. The average projection reflects a moderately lower gain vs. the increase in September.
Continue reading
Daily Archives: November 3, 2015
Risk Premia Forecasts: Major Asset Classes | 3 November 2015
The expected risk premium for the Global Market Index (GMI) ticked higher in October, posting the first rise in three months. GMI — an unmanaged, market-value weighted mix of the major asset classes — is projected to earn an annualized 3.4% return over the “risk-free” rate in the long term. (For details on the equilibrium-based methodology that’s used to generate the forecasts each month, see the summary below). Today’s revised estimate, which is based on data through last month, increased 20 basis points over the previous month’s update.
Continue reading
Initial Guidance | 3 November 2015
● US ISM Mfg Index ticks lower, close to neutral level | MarketWatch
● PMI: US mfg output strengthens to 6-month high | Markit
● US construction spending rises in Sep to highest level in 6 years | AP
● PMI: Global mfg activity ticks up in Oct | Markit
● China’s new growth target: 6.5% | Nikkei