Non-farm payrolls (NFP) news

Stay ahead of the curve with our dedicated non-farm payrolls (NFP) page. This crucial economic indicator provides a snapshot of US employment, excluding agricultural workers, and has a significant impact on financial markets. Here, you'll find up-to-the-minute coverage of NFP releases, including expert analysis of the data, its implications for the Federal Reserve's monetary policy, and its influence on various asset classes. Explore forecasts, understand market reactions, and gain insights into the broader economic trends revealed by this key report.

USD/CAD - BoC Holds, positive US economic figures ahead of Friday's jobs report

First BoC rate cut priced in for as early as March US ADP employment increases 103k in November (131k expected, 106k previously) USDCAD bounces off key moving average BoC remains committed to hiking if necessary, markets price in March cut The Bank of Canada continued to insist it remains prepared to raise rates again if needed despite acknowledging that inflationary pressures have eased and higher rates are weighing on the economy and demand. Markets continue to focus on the latter, pricing in

06-12-2023 12:16 GMT by Craig Erlam

Nasdaq - How sustainable is the stock market rally? PMIs a positive surprise

Are interest rate expectations too optimistic? PMI revisions positive but the outlook is broadly unchanged NAS100 nears all-time highs Equity markets in Europe and the US continued to edge higher on Tuesday despite many now questioning whether investors are getting too carried away. The rally appears to be based on the view that central banks from the Fed to the ECB and BoC will start cutting interest rates in March and then do so another three times over the rest of 2024. That's quite the diff

05-12-2023 15:01 GMT by Craig Erlam