Market Event which could bring trading opportunities
Data from the U.S. Labor Department is expected to show that nonfarm payrolls rose 180,000 in August after surging 255,000 in July. The unemployment rate is forecast to have dipped to 4.8 percent from 4.9 percent. Separately, a report from the U.S. Commerce Department is expected to show that trade deficit shrank to $42.7 billion
Deere & Co is scheduled to report its fiscal third-quarter earnings. A global farm recession, combined with weak demand from construction markets, has slowed the agricultural machinery manufacturer’s sales. Analysts on average estimate revenue of $6.094 billion and 94 cents earnings per share. A year ago, the company posted $1.53 earnings per share and a
Dollar tumbled in global markets on weak U.S. growth data. $USD Asian shares hit a one-year high on Monday after disappointing U.S. economic growth data reduced expectations that the U.S. Federal Reserve will raise interest rates in the next few months. U.S. gross domestic product increased at a 1.2 percent annual rate in the April-June
JPMorgan Chase & Co. generated $3.96 billion in fixed-income trading revenue in the second quarter, accounting for almost one of every three dollars generated by the five biggest U.S. banks for the period. Morgan Stanley, No. 1 in equity trading, posted $2.15 billion in revenue from that business Wednesday, beating analysts’ estimates and opening its
