Flash News

TREE NEWS reports: US employers added fewer jobs than expected in September and the unemployment rate rose slightly, signaling more cautious hiring amid rising costs. Declines in government, information, professional and business services, and financial activities drove the slowdown, while healthcare, construction and manufacturing added positions. Layoffs stayed low and the jobless rate remains near historic lows, leaving Fed officials focused on inflation as they weigh when to raise rates again.

TREE NEWS update: US President Donald Trump said the agreement with South Korea is “getting better,” and $8.4 billion has been allocated for enhanced oil recovery projects. No further details on the terms of the deal or the timing of the funding were provided.

TREE NEWS reports: The US Bureau of Labor Statistics revised July nonfarm payrolls down to -10,000 from +21,000 and August payrolls to 133,000 from 162,000. Combined, the two months were revised 60,000 lower than previously reported, putting July in negative territory.

TREE NEWS reports: US September nonfarm payrolls came in below expectations, prompting traders to reduce their bets on a Federal Reserve rate hike in October. The weaker-than-expected jobs data shifted market expectations for the Fed’s next policy move.

TREE NEWS reports: US stock index futures rose sharply after the release of US nonfarm payrolls data. Nasdaq futures gained 0.95% intraday, S&P 500 futures rose 0.70% and Dow futures added 0.71%. The dollar fell 0.67% against the yen to touch 157, while US Treasuries rallied, with 2- to 7-year yields falling at least 10 basis points on the day.

TREE NEWS reports: US average hourly earnings rose 0.1% month over month in September, coming in below the 0.3% forecast and slowing from the 0.3% prior reading. The softer-than-expected wage growth figure points to easing pay pressures in the US labor market.

TREE NEWS reports: US private-sector employment rose by 46,000 in September, well below the 87,000 expected and down from a revised 127,000 the previous month. The reading marks a sharp slowdown in private hiring.

TREE NEWS reports: The US unemployment rate came in at 4.2% for September, the Bureau of Labor Statistics data showed, above the 4.1% expected and up from the prior reading of 4.1%. The print marks a slight cooling in the labor market versus consensus.

TREE NEWS reports: The US labor force participation rate for September came in at 61.8%, above the 61.6% expected and up from the prior reading of 61.6%. The figure measures the share of the civilian working-age population that is either employed or actively seeking work.

TREE NEWS reports: US average weekly hours worked for September came in at 34.4, matching the prior reading of 34.4 and slightly above the 34.3 expected. The figure is part of the September employment report data series. No further breakdown was provided in the release.

TREE NEWS reports: US nonfarm payrolls increased by just 29,000 in September, well short of the 90,000 consensus estimate and down sharply from a revised 162,000 the previous month. The weaker-than-expected reading marks a significant slowdown in hiring.

TREE NEWS update: US Trade Representative Jamieson Greer said Thursday that a trade agreement with India is not imminent, as Washington and New Delhi continue working through details of a long-awaited deal. Asked by Indian news agency ANI, Greer said: “I don’t think there’s anything imminent right now. We have really hashed through all the issues that are obstacles.”

TREE NEWS update: Danish jewelry giant Pandora has officially opened a $150 million manufacturing plant in Vietnam, diversifying production away from its long-standing Thailand base. CEO Berta de Pablos-Barbier said the added capacity is meant to prepare for expected future growth, adding that Asia delivered 10% growth in the second quarter and remains a very positive region for the company.

TREE NEWS reports: The yield on France’s 2-year government bond rose a further 13.8 basis points to 3.8337%, extending its upward move. The yield has been climbing as investors reprice French sovereign debt.

TREE NEWS reports: Saudi Arabia’s East-West Pipeline is carrying close to 6 million barrels per day, with roughly 4.5 million b/d of that pipeline capacity available for exports. The figures cover throughput on the kingdom’s main cross-country crude artery.

TREE NEWS reports: Microsoft’s and Amazon’s cloud businesses are set to face stricter scrutiny from the European Union. The two US technology giants, whose cloud units include Azure and AWS, would come under tighter EU oversight. No further details on the scope or timing of the review were immediately available.

TREE NEWS reports: OPEC+ expects its oil production capacity assessment to be completed by mid-November. The review covers the group’s production capacity. No further details were disclosed.

TREE NEWS reports: Arthur Hayes said US policymakers may expand money supply to support the AI industry and government debt financing, which could drive cryptocurrency prices higher. He added that a shift by China from limited tightening to large-scale monetary stimulus could also lift demand for scarce assets, and said he is watching French financial stress including BNP Paribas credit default swaps and French government bond spreads.

TREE NEWS update: The European Union said it will take collective action in the oil market if the International Energy Agency deems it necessary. The statement, issued without a specific date, leaves the trigger for any joint move with the Paris-based agency. No details were given on the form or scale of the potential measures.

TREE NEWS update: Germany continues to regard the United States as a reliable fuel supplier, a German government spokesperson said. On diesel inventories, the spokesperson added that Berlin does not want to further disrupt the market. The comments were made without providing additional figures or a timeline.