21:26:19
Russian Ambassador to India: G20 agenda has been hijacked by certain countries.
21:26:06
Russian Ambassador to India: Russia and India are working hard to repair the local currency payment system.
21:21:03
Candice Tse, global head of strategic consulting solutions at Goldman Sachs: As the overall economy heads towards a soft landing, the job market continues to show signs of moderation, strengthening market expectations that the Fed will keep interest rates steady at its September meeting. As U.S. economic data continues to be strong and the Federal Reserve provides clearer guidance on the future path of policy, investors may find opportunities in equities and fixed income to seek outsized returns.
21:03:38
WTI crude oil futures stood at $85/barrel, up 1.64% during the day.
21:03:36
The yield on the U.S. 30-year Treasury bond erased losses and was higher than the yield on the 5-year Treasury note for the first time since August 21.
20:51:13
Jay Hatfield, CEO of Infrastructure Capital Management, commented on the non-agricultural data: rising unemployment and falling wages are very positive, because the Federal Reserve is very concerned about these data. They short-sightedly view the job market as a key driver of inflation, despite strong evidence to the contrary. This report confirms our view that the Fed is done raising interest rates, but not for now, as the Fed always lags behind.
20:44:01
Canadian money markets predict a 9% chance of the Bank of Canada raising interest rates next week, down from 24% before the GDP data was released.
20:41:56
Financial website Forexlive commented on non-agricultural data: What is noteworthy about this non-agricultural report is that the unemployment rate increased from 3.5% in July to 3.8% in August, partly due to the employment participation rate jumping to 62.8% (previously 62.6%) . The slightly lower-than-expected wage data also suggested the Fed has more breathing room.
20:36:16
The inversion of the U.S. 2-year and 10-year Treasury yield curves has narrowed to 70.20 basis points.
20:34:51
Traders have reduced bets on rate hikes by the Bank of England, with two 25 basis point hikes no longer fully priced in. Fed swaps reflect the low likelihood that the Fed will raise interest rates again this year.
20:31:52
The New Zealand dollar rose 0.50% against the US dollar during the day and is now at 0.5997.
20:25:35
NASA: Due to weather reasons, the plan to separate SpaceX Crew-6 from the space station is postponed, and it is expected to be adjusted to Saturday.
20:25:13
Capital Economics: Increased Brazil’s 2023 GDP forecast to 3.5%, from 2.3% previously.
20:20:00
The seasonally adjusted non-farm payrolls and unemployment rate in the United States in August and the monthly GDP rate in Canada in June will be released in ten minutes.
20:17:28
Hong Kong Observatory: Hurricane Signal No. 10 was issued at 8:15 pm. The average wind speed in Hong Kong is expected to be 118 kilometers per hour or above.
20:14:19
South African Automobile Association: New car sales in South Africa in August were 45,679 units, a year-on-year increase of 3.1%.
19:36:11
U.S. Senate Majority Leader Schumer: Next week the focus will be on funding and preventing a government shutdown.
19:26:48
Government of India: India collected INR 1.59 trillion GST in August, up 11% year-on-year.
19:05:04
Fed Bostic: There are many reasons why R* (the real neutral rate) could rise.
19:04:08
Reuters survey: 18 of 35 economists said the Reserve Bank of Australia will raise the cash rate to 4.35% in the fourth quarter, and 3 economists said it will be raised to 4.60%.