Market

The U.S. Department of Labor's closely watched January employment report is expected to show a slowdown in job growth, partly due to wildfires in California and cold weather. Despite the expected decline, the unemployment rate is forecast to remain low at 4.1%, with solid wage growth. The report will also include annual benchmark revisions, new population weights, and updates to seasonal adjustment factors.

Published on: February 07, 2025, 08:02 AM UTC

The Swedish krona is surging against the Norwegian krone as the central banks of both countries diverge on policy. The Riksbank is expected to keep interest rates steady, while the Norges Bank has signaled that it may ease policy in March. This divergence is likely to support the Swedish krona and weigh on the Norwegian krone.

Published on: February 07, 2025, 08:02 AM UTC

Trump's limited Iran sanctions fall short of 'maximum pressure' pledge, analysts say

Published on: February 07, 2025, 08:02 AM UTC

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Published on: February 07, 2025, 08:01 AM UTC

Bank of England's economic forecasts contradict Chancellor Reeves' plans for boosting UK growth, indicating potential fiscal challenges and the need for substantial reforms to support economic expansion.

Published on: February 07, 2025, 08:00 AM UTC

Singaporean banks set to report stronger fourth-quarter profits, but trade tariffs and other US policies may hit growth in 2025.

Published on: February 07, 2025, 08:00 AM UTC

January's jobs report is set to reveal a slowdown in hiring and a steady unemployment rate. Economists project non-farm payrolls to increase by 170,000 and unemployment to hold at 4.1%.

Published on: February 07, 2025, 07:03 AM UTC

Wall Street banks sold $5.5 billion in debt tied to Elon Musk's 2022 Twitter buyout, reflecting growing confidence in Musk and X, the social media platform formerly called Twitter. Investors purchased the loans at a higher price than expected, signaling a more positive view of X and Musk's role in Washington D.C.

Published on: February 07, 2025, 07:02 AM UTC

President Trump eyes ending a favorite deduction for hedge fund managers, including the "carried interest tax deduction loophole." This move could face strong opposition from the hedge fund industry and some GOP colleagues, but Democrats have long advocated for its elimination.

Published on: February 07, 2025, 07:02 AM UTC

Oil heads for third weekly decline as Trump-China trade concerns outweigh Iran sanctions

Published on: February 07, 2025, 07:01 AM UTC