Market expectations of a December rate reduction jumped after a top ally of the Fed chair countered recent opposition to a cut.
The federal government will instead publish limited October price numbers together with November data with a delayed release on Dec. 18, the BLS said.
Stocks finished higher, with the Dow industrials clawing back the previous session’s losses, after New York Federal Reserve President John Williams made the case for a near-term cut to interest rates.
—-
Europe Must Look Inward to Drive Growth, ECB’s Lagarde Says
The continent must move away from a growth model that is driven by exports, the European Central Bank president said.
—-
Moody’s Ratings Upgrades Italy on Expectation of Declining Debt
The ratings agency boosted Italy one level to Baa2 and revised its outlook to stable from positive
—-
U.S. Business Activity Accelerates as Government Shutdown Ends
The S&P Global Flash U.S. Composite PMI rose to 54.8, reflecting improved hopes for the year ahead on expectations of lower interest rates and as political concerns waned.
—-
Consumer Sentiment Fell in November, Michigan Survey Shows
The survey’s headline index dropped to 51, hovering near one of the lowest levels in the monthly poll’s history.
—-
How Trump’s Attack on Russia’s Economy Is Ricocheting Through Oil Markets
U.S. sanctions on Russia’s largest oil producers, Lukoil and Rosneft, have kicked in and are starting to test Moscow’s ability to sell crude, its economic lifeblood.
—-
Canadian Retail Trade Remains Soft After Fall in September
Flat sales seen by Canadian retailers in October point to cracks in the consumers’ resilience as the fallout from the trade war with the U.S. lingers.
—-
It Was Supposed to Be Crypto’s Year. Then Came the Crash.
Crypto-market turmoil intensified this week, with bitcoin shedding more than 10% and over $10,000 in value.
—-
Week Ahead for FX, Bonds: U.K. Autumn Budget, U.S. Data In Focus
The U.K. autumn budget will take center stage in the week ahead. In the U.S., uncertainty around the Federal Reserve’s next interest-rate decision in December means markets will be scrutinizing data.
—-
Nvidia’s Best Wasn’t Enough to Prop Up a Wobbly Stock Market
The tech juggernaut’s results sparked a furious rally, and then the largest blown gain since April’s tariff-fueled turmoil.
—-
Eurozone Business Activity Continues Growth Despite Manufacturing Hit
Activity continued to grow in November but at a slightly slower pace, hurt by lingering weakness in the manufacturing sector.
—-
Japan Approves $135 Billion Stimulus Shot to Help Households, Economy
At the heart of the stimulus are measures to support households under financial strain, a key issue for Japanese voters.
—-
U.K. Government Borrowing Runs Ahead of Plan as Budget Looms
Total borrowing for the first seven months of the fiscal year now stands at £116.8 billion, £9.9 billion above projections in March.
