TREE NEWS reports: Traders increased their bets on a Federal Reserve rate hike in December following the release of US nonfarm payrolls data. The data prompted a shift in market expectations toward tighter monetary policy by year-end.
TREE NEWS reports: The US unemployment rate for October came in at 4.1%, below the 4.2% expected by economists and down from the prior reading of 4.2%. The reading marks a modest easing in the labor market’s jobless rate from the previous month.
TREE NEWS reports: US manufacturing employment increased by 19,000 in October, above the 7,000 expected and following a 9,000 gain in the prior reading. The print points to firmer factory hiring than economists had anticipated.
TREE NEWS reports: US average hourly earnings rose 3.1% year-on-year in October, exceeding the 2.9% expected by economists and matching the prior reading of 3%. The wage figure points to continued labor cost pressure in the world’s largest economy, a data point closely watched by markets weighing the path of interest rates.
TREE NEWS reports: The US labor force participation rate for October came in at 61.9%, beating the expected 61.8% and matching the prior reading of 61.8%. The figure, released as part of the monthly employment report, indicates a slightly larger share of the population in the workforce than economists had anticipated.
TREE NEWS reports: US private-sector employment rose by 159,000 in October, far exceeding the 65,000 expected and up from a prior reading of 46,000. The stronger-than-forecast gain points to a firmer labor market than economists had anticipated.
TREE NEWS reports: Canada’s full-time employment fell by 18,100 in October, following a decline of 35,400 in September. The October drop extends the prior month’s contraction in full-time positions. The figures cover full-time employment only and do not include part-time work.
TREE NEWS reports: Canada’s employment fell by 4,700 in October, versus expectations of a 15,000 increase, following a revised decline of 68,300 in September. The second straight monthly drop undershoots consensus and points to continued softness in the Canadian labour market.
TREE NEWS update: The Central Bank of Nigeria now requires stablecoin issuers serving Nigerians to incorporate locally and hold at least 10 billion to 15 billion naira in capital, under rules effective Nov. 5. Issuers must also back their tokens with an additional 2% in reserves. The rules apply to offshore firms offering stablecoins to Nigerian users.
TREE NEWS reports: The EU’s Copernicus Climate Change Service said in a report on November 6 that October was the hottest October on record globally, and that it is almost certain global average surface temperatures in 2026 will exceed 1.5 degrees Celsius above pre-industrial levels. The finding makes the 1.5C threshold all but certain to be breached this year.
TREE NEWS reports: Bitcoin gave back its gains from the post-election rally on Thursday, as a historic selloff in AI stocks spilled over into crypto markets. The reversal marked a sharp turn for digital assets, which had rallied strongly following the November election. Details on which crypto assets held up best were not immediately available.
TREE NEWS update: Moore Threads completed Day-0 adaptation of the recently open-sourced Kimi K3.1 Pro model, the Chinese GPU maker said. The adaptation was carried out on its MTT S5000 AI training-and-inference accelerator card and MUSA software stack. The model was officially released as open source in recent days.
TREE NEWS update: Ethereum developers will not fork Glamsterdam on the Hoodi testnet until smart contract risks are resolved, with the team investigating concerns tied to eight smart contract invariants linked to EIP-8037 and EIP-8038. The two proposals are part of the Glamsterdam upgrade package. No timeline was given for when the review would conclude.
TREE NEWS update: The US October nonfarm payrolls report is scheduled for release at 21:30 Beijing time, covering payrolls, the unemployment rate and average hourly earnings. Canada’s October employment and unemployment figures are due at the same time. The data will be watched for signals on the Federal Reserve’s policy path.
TREE NEWS reports: Investors are discussing a valuation of $1.2 trillion to $1.3 trillion for Anthropic’s potential IPO. The figure reflects early-stage talks about the artificial intelligence company’s public listing. No timeline or further details were provided.
TREE NEWS reports: SoftBank and Coatue are in talks to invest hundreds of millions of dollars in OpenAI, the companies are negotiating a new funding commitment to the AI developer. The size of the potential investment was not disclosed beyond the hundreds-of-millions range, and no deal has been confirmed. The talks add two major technology investors to OpenAI’s ongoing capital-raising discussions.
TREE NEWS update: JiuZhouYunJian Space Technology Co., Ltd. has registered for IPO coaching with the Shanghai branch of the China Securities Regulatory Commission, with Guotai Haitong Securities as the coaching institution. The liquid rocket engine developer’s filing marks the start of the pre-listing process on the mainland. No financial terms or listing venue were disclosed.
TREE NEWS update: China National Petroleum Corp. signed procurement agreements worth more than $18.8 billion at the 9th China International Import Expo in Shanghai, up slightly from last year. The deals were announced at the company’s international cooperation forum and signing ceremony held alongside the expo. Since first attending the CIIE in 2018, CNPC has signed contracts with 267 international suppliers totaling over $163.6 billion.
TREE NEWS update: Beijing’s financial regulator fined CITIC Trust 1.75 million yuan. The Beijing Financial Regulatory Bureau also issued a warning and a 50,000 yuan fine to the responsible individual, Hu Nan. The disclosure did not specify the reason for the penalty.
TREE NEWS update: South Korea’s financial authorities on Friday moved to stabilize markets, granting a three-month exemption from the requirement to maintain a 140% credit guarantee ratio. The emergency measure comes as regional equities sold off sharply, with the Nikkei 225 closing down 5.96%, the Shanghai Composite down 1.1% and the Hang Seng down 1.27%. Japan’s Government Pension Investment Fund posted its first loss in six quarters as bond prices fell.