After a frenetic week of G7 interest rate cuts, new records for stocks, another scramble for AI and a wave of elections, world markets have frozen awaiting the U.S. employment report.
It would have to be a shocker for recession alarm bells to sound and would need to jump as high as 4.3% to trigger the oft-cited "Sahm rule". Developed by former Fed economist Claudia Sahm, it suggests a recession red flag if the rolling three-month average jobless rate rises half a point above the low of the prior 12 months.
China's stocks were once again in downbeat mood and a notable underperformer in Asia even though the country's May export numbers beat forecasts.But against global concerns about a fresh Chinese export push to flatter an economy suffering from still-fragile domestic consumption, the big concern import growth slowing much more than expected to just 1.8% from a 8.4% jump in the previous month.
Nvidia fell back 1% on Thursday, back to being the world's third most valuable company the day after it jumped ahead of Apple to take second place.* US May employment report, April consumer credit; Canada May employment reportDr. Phil's Description Of Donald Trump During Their Interview Has Folks Thinking...
Investors who hold Nvidia stock by the end of trading Thursday will be impacted by the stock split. Here's what to know.These Canadian blue-chip stocks are fundamentally strong, relatively safe, and can generate steady returns in the long term. The post 3 Blue Chip Stocks So Safe That Canadians Can Hold Them Until They Die appeared first on The Motley Fool Canada.
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