Private payrolls in the US surged 246,000 in October, according to this morning’s update from the Labor Department. The gain, which was well above the consensus forecast, marks a sharp rebound following September’s weak 121,000 rise.
The projected risk premium for the Global Market Index (GMI) fell to an annualized 4.5% in October, down from 5.0% in the previous month’s outlook. This estimate for GMI (an unmanaged market-value-weighted portfolio that holds all the major asset classes) reflects the ex ante premium over the projected “risk-free” rate for the long run.
Trump says he had ‘good’ conversation with China’s Xi on trade: CNBC
US will give 8 nations waivers to buy Iranian oil: Bloomberg
US job growth expected to accelerate in today’s Oct report: Reuters
Cook Political Report lifts forecast of Dems’ edge in House race: WashEx
ISM Mfg Index fell to six-month low in Oct: MarketWatch
US Mfg PMI ticks up in Oct, signaling moderate growth: IHS Markit
US job cuts surge in Oct, mostly due to Verizon: 24/7 Wall St
Jobless claims in US fell last week, reaffirming strong labor market: CNBC
US construction spending flat in Sep after sharp rise: MarketWatch.
W. Texas Intermediate crude oil slumped to 7-mo low on Thursday: MarketWatch