As rebounds go, the current revival in the fortunes of stocks in emerging markets surely ranks as one of the more impressive feats in recent history. The caveat: The turnaround is primarily due to surging share prices in China. Exclude China and broadly defined EM stocks are posting substantially softer results, based on a set of ETFs through Friday’s close (Oct. 4).
Daily Archives: October 7, 2024
Macro Briefing: 7 October 2024
Florida braces for a direct hit from Hurricane Milton, which is expected to make landfall on Wednesday in the Tampa Bay area. The storm, with maximum sustained winds of 100 mph, is projected to move across central Florida.
US payrolls rose more than expected in September, according to Labor Department data. The 254,000 increase beat expectations by a wide margin. The unemployment rate ticked down to 4.1%, marking the second month of lower joblessness. The government’s report also revised up previous estimates for new job creation in August and July.
