B1 Intermediate UK 56 Folder Collection
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February the third is in-the-books here on Wall Street.
Here's the New York Minute.
It's been a day dominated as you expect by the non-farm payrolls report.
This was the most important number from the report:
average hourly earnings which had been rising quite well picked back somewhat this month.
Bad news for Main Street, good news for Wall Street, cause it means less pressure on inflation less pressure to raise rate.
As you can see the 2-year bond yield dropped very sharply after we got the report,
but did rebound later after we heard from the chairman of the San Francisco Fed saying
that he thought it might be a good idea to raise rates next month.
Now, there is an another blot on the political landscape and it's in France
If we take a look at how yields of French bonds are rising compared to German yields,
you can see the markets are getting very worried by the political pressures there ahead of the election later this year
Meanwhile, the Dow here is back through 20 thousand
The biggest winner among Dow constituents since the election is Goldman Sachs, the biggest loser is Walmart
Joe Six-pack must be delighted.
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56 Folder Collection
Kiara published on February 7, 2017    Kiara translated    Hsin reviewed
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