for the week ended September 19, missing the economist estimate of 840,000 claims. Nonfarm payrolls data slated for release on Friday is expected to show the unemployment rate fall through September, but by a much smaller amount than in months prior.climbed by just 0.6% in AugustInvestors' moves to safe havens are even more justified when looking ahead, Draho said.
In all, concerns of slowing economic growth"are likely to linger for at least a couple of months," Draho said. The upcoming election is set to push volatility higher, and uncertainties around the rollout of a coronavirus vaccine will keep some from returning to financial markets. Risk appetites could improve in early 2021 if Congress passes new stimulus and a vaccine wins regulatory approval, but investors shouldn't get their hopes up for a near-term reversal from last week, Draho said.
"For now, expect structurally high growth uncertainty to keep volatility elevated and delay a sustained rotation towards more economically-sensitive assets," he added.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese stocks underpin Asia; markets wary of virus spike, U.S. presidential debateChinese stocks drove Asian markets higher on Monday, though sentiment was still cautious ahead of a U.S. Presidential debate and as a spike in new coronavirus cases undermined global economic recovery hopes. Capitalist ran out of marks to steal from. That's what's going on. Looking for Logo, Brand Identity, Corporate Identity, Business Card, Banner, Flyer, Brochure, Book Cover, Social Media Designer? . Contact Looking for Logo, Brand Identity, Corporate Identity, Business Card, Banner, Flyer, Brochure, Book Cover, Social Media Designer? . Contact
Source: Reuters - 🏆 2. / 97 Read more »
Chinese stocks underpin Asia; markets wary of virus spike, U.S. presidential debateChinese stocks drove Asian markets higher on Monday, though sentiment was still cautious ahead of a U.S. Presidential debate and as a spike in new coronavirus cases undermined global economic recovery hopes. We’re all wary of the US presidential debate This night Azerbaijani military forces target was the civil population of Martakert. Azerbaijan used Smerch against the civil population of Arsakh! StopAzerbaijaniAggression StopAliyev ArtsakhStrong DefendArtsakh man, we use APPs for making trade.......not like that picture
Source: Reuters - 🏆 2. / 97 Read more »
Chinese stocks underpin Asia; markets wary of virus spike, U.S. presidential debateChinese stocks drove Asian markets higher on Monday, though sentiment was still cautious ahead of a U.S. Presidential debate and as a spike in new coronavirus cases undermined global economic recovery hopes. CCP has funded CCPJoe for his campaign.
Source: Reuters - 🏆 2. / 97 Read more »