October Non-Farm Payrolls: Wages growth still elusive

US non-farm payrolls growth undershot lofty expectations in October with an increase of 214k reported. The reading was below the upwardly-revised 256k pace of September and expectations for a gain of 235k and was the second-lowest increase of the past 6 months....

Unanimous ECB buoys markets

Market Update November 7 The ECB left their refinancing, deposit and marginal lending rates unchanged at 0.05%, -0.2% and 0.3% respectively at their November policy meeting. In his accompanying press conference President Mario Draghi stipulated that ‘they will soon...

Australia’s labour force in charts

The ABS released their October labour force survey earlier today. The headlines read that the unemployment rate held steady at 6.2% with 24,100 net new jobs created. Here’s what’s under the hood, primarily in chart form. Thanks to rounding the headline...

Equities, USD rally on GOP victory

Market Update November 6 US private-sector hiring accelerated in October with the ADP national employment report revealing a net increase in payrolls of 230k. The reading was higher than the 225k pace of August, revised up from 213k reported previously, and...