NFP Report: Implications for the US Labor Market and US Dollar
On Friday, January 6th at 9:30 pm Ph time, the US Bureau of Labor Statistics (BLS) will release its Nonfarm Payrolls (NFP) report for December 2022, providing insight into the state of the US labor market. Economists expect the report to show 200,000 job gains for the month, lower than the 263,000 reported in November […]
Stagflation Risks on the Horizon: What Investors Need to Know in 2023
As we approach the new year of 2023, it seems that pessimism is abound among investors. According to a recent survey conducted by Bloomberg, there are concerns about slowing growth and rising inflation, leading to increased risks of stagflation. For those unfamiliar with the term, stagflation refers to a situation in which there is a […]
Market Update January 4, 2023 By Daniel Ang
We’ve got a jam-packed daily market update for you this Wednesday, January 4, 2023, so let’s get started. Unfortunately, U.S. equities ended the first day of trading with losses as last year’s selling pressures spilled over into the new year. The S&P 500 dropped 0.4%, while the tech-heavy Nasdaq Composite fell 0.8%. The Dow Jones […]