Private payrolls in the US increased 121,000 in September, well below Econoday.com’s consensus forecast for a 175,000 gain. Last month’s advance was also dramatically weaker than August’s revised surge of 254,000, according to this morning’s release from the Labor Dept. Despite the surprisingly softer report, the year-over-year trend ticked up to 2.0%, a two-year high.
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Daily Archives: October 5, 2018
Growth And Momentum Factors Still Leading For US Stocks In 2018
Yesterday’s sharp selloff in US stocks delivered haircuts far and wide, but the setback left growth and momentum factors in the lead for year-to-date equity performance, based on a set of exchange-traded funds (ETFs). While large-cap value suffered the smallest loss in yesterday’s rout among the major equity factor buckets, this slice of US equities remains in last place in 2018 through yesterday’s close (Oct. 4).
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Macro Briefing: 5 October 2018
Republicans say FBI report exonerates Kavanaugh, paves way for vote: WaPo
Rising bond yields in US are weighing on markets around the world: Reuters
Tech stocks in US slump to 15-month low: Bloomberg
Emerging-market stocks headed for worst weekly loss since Feb: Reuters
Economists expect a solid gain in today’s US jobs report for September: Reuters
US job cuts up sharply in Sep to second-highest monthly print this year: CG&C
August factory orders in US post biggest gain in 11 months: Reuters
10yr Treasury yield continued rising on Thurs, reaching 3.19%–highest since 2011:
