News Formal

Oil Prices Surge, Labor Market Data Looms

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 18 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Business News

OIL,LABOR MARKET,JOBS REPORT

Oil prices jump over 5% after a tentative agreement on wages between the International Longshoremen's Association and the United States Maritime Alliance. Investors await the September jobs report for clues about the health of the U.S. labor market.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. Some investors fear it's a short-lived rally, pointing to the Hang Seng index's drop on Thursday. But analysts think there's.

The September jobs report, which comes out later today, will give a clearer picture of the overall U.S. labor market – and likely beThe good news is that, at this point of the rate-cutting cycle, good news shouldn't be bad news anymore. If the number of jobs added comes in higher than expected, markets are likely to react well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market Movers: Nike CEO Swap, Huawei’s New Phone, and Oil Prices SurgeThis news segment delves into the latest market trends, covering a change in leadership at Nike, the launch of Huawei's new phone, and the surge in oil prices.
Source: CNBC - 🏆 12. / 72 Read more »