Despite the minor pullback this morning, precious metals put in another strong week, with USD gold climbing above USD $1170oz. A soft (IMO anyway) payrolls print, and continued volatility in equity markets have combined to see bullion bid. Show More
payrolls
Chief Economist Bill Evans sets the scene for the November RBA meeting and the subsequent release of the November Statement on Monetary Policy on Friday. For Australia, we also receive updates this week on retail sales; retail volumes; and international trade. Over in the US, the focus will be on... Show More
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Much stronger than expected payroll growth, rising wages, and an unemployment rate close to the Fed's estimate of the longer-run normal rate. With that as a backdrop, you'd expect the American consumer to thrive. But this is not the case, with the latest spending data essentially flat. Show More
Bloomberg's chart of the day shows that private sector jobs just passed their pre GFC peak. Private employers in the world's largest economy reached an important milestone in March: they have made up all the jobs lost as a result of the recession, and then some. The CHART OF THE... Show More
Goldman Sachs: payroll data is economically meaningless. The release of the US payroll reports is always closely watched by investors as this information is thought to show the strength of the economy and the future of the market. However, in a new report, Goldman Sachs admits it found this information... Show More