At 8:15 a.m. ET, ADP Research Institute will release its report on America's employment situation during October.

Economists forecast that the report will show the US economy added 180,000 private payrolls last month according to Bloomberg, down from 200,000 in September.

Some economists have warned against using this report as a preview or forward indicator of the official jobs report, which the Bureau of Labor Statistics will publish on Friday.

There are just two more jobs reports to go before the Fed's meeting in December, and the Fed is looking for labor market improvement before it possibly raises rates next month. So the October and November jobs reports will be quite crucial.

 

Why does this matter? How can you profit from this? Just click on the Chat button below and find out.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

1. The U.S. dollar rose against its Canadian counterpart on Tuesday, as the greenback recovered from recent losses posted after downbeat U.S. economic reports, although rising oil prices lent some support to the Canadian currency.

USD/CAD hit 1.3159 during early U.S. trade, the pair's highest since October 30; the pair subsequently consolidated at 1.3143, gaining 0.37%.

The pair was likely to find support at 1.3036, the low of October 23 and resistance at 1.3240, the high of October 29.

2. Gold prices were on track to post their fourth consecutive losing session on Tuesday, as investors continued to cut holdings of the precious metal amid expectations the Federal Reserve will raise interest rates at its next meeting in December.

Gold for December delivery on the Comex division of the New York Mercantile Exchange tumbled $11.30, or 0.99%, to trade at $1,124.60 a troy ounce during U.S. morning hours. It earlier fell to $1,124.20, the lowest since October 2.

3. Bank of America Corp (N:BAC), the No. 2 U.S. bank, has agreed to sell its $87 billion money-market fund business to BlackRock Inc (N:BLK) in one of the cash-management industry's largest deals ever.

The transaction comes as big banks have faced pressure to simplify their businesses since the global financial crisis and marks the largest in a series of deals reshuffling the cash-management industry before costly regulatory reforms take effect in 2016.

4. U.S. factory orders fell for the second consecutive month in September, dampening optimism over the health of the economy, official data showed on Tuesday.

In a report, the U.S. Census Bureau said factory orders dropped by a seasonally adjusted 1.0% in September, worse than forecasts for a fall of 0.9%.

Factory orders decreased 2.1% in August, whose figure was revised from a previously reported decline of 1.7%.

5. West Texas Intermediate oil futures rallied sharply on Tuesday, as market players looked ahead to fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of demand in the world’s largest oil consumer.

Crude oil for delivery in December on the New York Mercantile Exchange jumped 96 cents, or 2.08%, to trade at $47.10 a barrel during U.S. morning hours. It earlier rose to $47.28, the highest since October 19.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

1. U.S. stocks were marginally higher on Monday as investors assessed factory activity data from China and Germany, and ahead of U.S. manufacturing data.

China's official factory data on Sunday showed activity unexpectedly shrank for a third straight month in October, though the contraction was modest.

2. The euro rose to session highs against the dollar on Monday, extending gains further above the 1.10 level after data showing the U.S. manufacturing sector expanded at the slowest rate in two years in October.

The dollar weakened after the Institute of Supply Management said its manufacturing purchasing managers’ index ticked down to 50.1 in October from 50.2 in September.

Economists had expected the index to decline to 50.0, which is the cut-off point between expansion and contraction.

3. Gold and silver prices fell to four-week lows on Monday, as investors continued to cut holdings of the precious metals on expectations of tighter U.S. monetary policy in the coming months.

Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $8.10, or 0.71%, to trade at $1,133.30 a troy ounce during U.S. morning hours. It earlier fell to $1,132.50, the lowest since October 5.

4. Oil prices fell on Monday as weak Chinese economic data fueled concerns about demand slowing there and record-high production in Russia exacerbated the global supply glut.

Brent crude futures (LCOc1), the global benchmark, traded down 50 cents at $49.06 a barrel at 1428 GMT (09:28 a.m. EDT), down 1.1 percent. U.S. futures were trading at $45.98 a barrel, down 60 cents or 1.3 percent on Friday's close.

5. The pace of growth in the U.S. manufacturing sector slowed in October, remaining at its lowest level since May 2013, according to an industry report released on Monday.

The Institute for Supply Management (ISM) said its index of National factory activity fell to 50.1, its fourth straight monthly decline, from 50.2 the month before. The reading was just above of expectations of 50.0, according to a Reuters poll of economists.

6. Manufacturing activity in the U.S. expanded at the slowest rate in more than two years in October, dampening optimism over the strength of the economy and fanning hopes the Federal Reserve could delay raising interest rates until next year, industry data showed on Monday.

In a report, the Institute for Supply Management said its index of purchasing managers fell to 50.1 last month from a reading of 50.2 in September. Analysts had expected the manufacturing PMI to dip to 50.0 in October.

7. Manufacturing activity in the U.K. expanded at the fastest rate since June 2014 in October, boosting optimism over the country’s economic outlook and supporting the case for higher interest rates, industry data showed on Monday.

In a report, market research group Markit said that its U.K. manufacturing PMI rose to a seasonally adjusted 55.5 last month from a reading of 51.8 in September. Analysts had expected the index to decline to 51.3 in October.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

 

China's very important factory sector slowed for a third straight month in October, according to an official survey.

The government's purchasing managers' index hit 49.8 in October, according to the National Bureau of Statistics, unchanged from the previous month. Any number below 50 represents a deceleration in the manufacturing sector.

A separate survey conducted by Chinese media group Caixin showed manufacturing PMI at 48.3 in October, an improvement from 47.2 in September. The index has now been below 50 for eight consecutive months.

The official government manufacturing gauge is heavily weighted toward large enterprises, while the Caixin survey taps a smaller sample size and places greater emphasis on smaller firms.

The data underscore rising concerns about the health of the world's second-largest economy. Beijing reported last month that gross domestic product slid to 6.9% in the third quarter, the slowest pace since the financial crisis.

The factory sector, however, showed initial signs of stabilization. The Caixin survey showed that output and new orders picked up during October, and foreign demand appeared to be recovering.

"The PMIs are consistent with the view that conditions, although still subdued, are starting to show signs of improvement," said Julian Evans-Pritchard at Capital Economics.

Looking ahead, many economists expect Beijing to take further stimulus measures before the end of the year.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

 

1. U.S. stocks were little changed on Friday as investors paused on the last trading day of what could be the best month for the three major indexes in four years.

Energy majors Exxon and Chevron reported better-than- expected results, helped by strong refining margins. Exxon (N:XOM) shares were down 1 percent, while Chevron (N:CVX) rose 1.9 percent.

2. U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases.

The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the Federal Reserve raising interest rates at the end of the year.

3. The U.S. dollar held steady against its U.S. counterpart on Friday, after a report showed that Canada's economy grew in line with expectations in August, while weak data from the U.S. dampened demand for the greenback.

USD/CAD hit 1.3193 during early U.S. trade, the session high; the pair subsequently consolidated at 1.3165.

The pair was likely to find support at 1.3085, the low of October 28 and resistance at 1.3280, the high of October 28.

4. Chevron Corp (N:CVX), the second-largest U.S.-based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most-drastic reactions to date to the plunge in crude prices (CLc1).

The price drop has forced Chevron and dozens of its peers to make tough decisions about what projects to fund or not fund in order to offset natural declines at its existing fields.

The choices are that much starker at large international oil giants like Chevron that rely heavily on their massive budgets to fund exploration projects crucial to finding new energy sources.

5. World shares rose on Friday and were on course for their best month in four years, as global central banks kept stimulus policies intact and many hinted at further steps to re-energize their economies.

That has helped soothe concern over higher borrowing costs in the United States as the Federal Reserve prepares to tighten rates, possibly by the end of the year.

The dollar slipped for a second day, notably against the yen after the Bank of Japan left policy unchanged. Government bond yields also slipped back after two days of Fed-fueled increases.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

 

1. Wall Street was lower on Thursday as investors digested weaker-than-expected U.S. economic growth in the third quarter and the Federal Reserve's hints of a possible rate hike in December.

 

The Fed, which kept rates unchanged at its policy meeting that ended Wednesday, downplayed concerns about global growth and indicated confidence in the U.S. job market's recovery and the economy's capacity to absorb a rate increase.

Data on Thursday underscored the strength in the labor market, showing that new applications for unemployment benefits remained near levels last seen in 1973.

2. Contracts to buy previously owned U.S. homes fell unexpectedly in September, a warning sign that the housing market recovery may be stumbling.

The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, dropped 2.3 percent to 106.8, the second lowest reading of 2015. The index was up 3.0 percent from the same month a year ago.

Economists polled by Reuters had forecast pending home sales rising 1.0 percent last month.

3. The dollar trimmed losses against the other major currencies on Thursday, after data showed that the U.S. economy grew less than expected in the third quarter, as hopes for a U.S. rate hike before the end of the year continued to support

The dollar was lower against the yen, with USD/JPY down 0.16% at 120.89.

The Commerce Department said U.S. gross domestic product grew at an annual rate of 1.5% in the three months to September, missing expectations for growth of 1.6%. The U.S. economy grew 3.9% in the previous quarter.

Separately, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 24 increased by 1,000 to 260,000 from the previous week’s total of 259,000. Analysts had expected jobless claims to rise by 4,000 to 263,000.

4. Gold prices plunged sharply to a more than two-week low on Thursday, after data showed the U.S. economy grew mostly in line with expectations in the third quarter and as the Federal Reserve signaled that a December rate hike was still on the table.

Gold for December delivery on the Comex division of the New York Mercantile Exchange tumbled $22.10, or 1.88%, to trade at $1,154.00 a troy ounce during U.S. morning hours. It earlier fell to $1,152.40, the lowest since October 9.

5. Natural gas futures pushed higher to move further away from the lowest level in more than three years on Thursday after data showed natural gas supplies rose less than expected last week.

 

Natural gas for delivery in December on the New York Mercantile Exchange soared 7.1 cents, or 3.07%, to trade at $2.369 per million British thermal units during U.S. morning hours. Prices were at around $2.347 prior to the release of the supply data.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

 

The US economy grew slower than expected in the third quarter.

The advance estimate of gross domestic product (GDP), (the value of all goods and services produced) was 1.5%, while economists had estimated that it would grow by 1.6% in Q3.

Personal consumption grew 3.2%, just below the forecast for 3.3%.

The Department of Commerce said in its release, "The increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures (PCE), state and local government spending, nonresidential fixed investment, exports, and residential fixed investment that were partly offset by negative contributions from private inventory investment."

In the last few weeks, economists steadily lowered their estimates for growth for the quarter and the full year. Estimates were raised again on Wednesday, after the advance goods trade balance showed that the deficit shrank to $58.6 billion from $66.6 billion.

The economy has faced some strong headwinds this year, including a sharp rise in the dollar, weaker-than-expected global growth and sharp cuts in oil sector investment.

Global shocks are having a big negative impact on the industrial sector (which includes resource extraction, utilities, and the production of manufactured goods). Although this sector only accounts for a shrinking, 16% share of GDP, the data have been weak enough to slow the overall economy.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

 

1. U.S. stocks were boosted by gains in Apple on Wednesday, and investors awaited the Federal Reserve's policy statement later in the day.

Apple (O:AAPL) sold 48 million iPhones in the quarter and reported a near doubling of revenue from China, allaying concerns about its business in the world's second-largest economy.

The stock was up 2.4 percent at $117.27, providing the biggest boost to the three major indexes.

2. Apple Inc (O:AAPL) reported blockbuster iPhone sales in China, suggesting that worries about the company's growth trajectory in the world's second-largest economy are overdone.

Apple's shares rose nearly 3 percent in early trading on Wednesday.

The stock has lost about 7 percent of its value in the past three months as investors fret that the slowing Chinese economy would derail Apple's successful run in the country.

Apple's sales in Greater China, including Taiwan and Hong Kong, nearly doubled in the third quarter, accounting for nearly a quarter of the company's total sales.

3. The dollar pushed lower against the other major currencies on Wednesday, as sentiment on the greenback became fragile ahead of the Federal Reserve's highly-anticipated policy statement due later in the day.

The dollar was steady against the yen, with USD/JPY at 120.35.

The Fed was not expected to raise interest rates later Wednesday, but many investors still expected the U.S. central bank to signal that rates could still rise at its December meeting.

4. West Texas Intermediate oil futures extended strong gains on Wednesday, after data showed that oil supplies in the U.S. rose less than expected last week, easing concerns over weak demand.

Crude oil for delivery in December on the New York Mercantile Exchange surged $1.70, or 3.94%, to trade at $44.90 a barrel during U.S. morning hours. Prices were at around $44.57 prior to the release of the inventory data.

The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 3.37 million barrels in the week ended October 23.

5. Activist investor Carl Icahn said on Wednesday American International Group Inc (N:AIG) should split its life and mortgage insurance units into three public companies to avert the U.S. government's "too-big-to-fail" tag.

Icahn, who disclosed that he owns a "large stake" in AIG, also said in an open letter to the company's CEO that it should begin a "much needed" cost control program to better compete with peers. AIG shares rose as much as 4 percent to $63.44 in early trading.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

 

1. U.S. stocks were lower on Tuesday after mixed earnings reports, weak durable goods data and lower crude prices.

Investors are also keeping an eye on the Federal Reserve, which begins its two-day policy meeting on Tuesday.

While expectations of a rate hike this week are low, focus will be on the Fed's interpretation of economic data and global financial events for a bearing on the timing of a liftoff.

Corporate results remain in sharp focus as investors scrutinize the reports for measures companies are taking to grow revenue and protect profit margins.

All eyes are on Apple (O:AAPL), which reports fourth-quarter results after the close, as investors await commentary on the iPhone maker's business in China and its forecast for the crucial holiday quarter.

2. Gold futures swung between small gains and losses on Tuesday, as investors digested a batch of mostly weaker than expected U.S. economic data while focusing on the start of the Federal Reserve's two-day monetary policy meeting due to begin later in the day.

Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up $1.10, or 0.09%, to trade at $1,167.30 a troy ounce during European morning hours. A day earlier, gold tacked on $3.40, or 0.29%.

3. Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S. inventory data expected to show another increase in crude stocks.

Brent for December delivery had fallen 30 cents to $47.24 a barrel by 1150 GMT, after settling the previous session down 45 cents.

U.S. crude dropped 55 cents to $43.43 a barrel, having touched a nine-week low of $43.20 earlier on Tuesday.

An expected further build in U.S. crude stocks and a glut of refined products again raised concerns of an oversupplied market.

"We expect that the focus of the oil markets is rapidly shifting to the surplus of refined products," analysts at Jefferies wrote, adding that the bearish mood was aggravated by dropping refining profitability while demand growth slowed.

4. The U.S. dollar rose to nearly one-month highs against its Canadian counterpart on Tuesday, as declining oil prices weighed on the Canadian currency, although the greenback's gains remained limited ahead of the Federal Reserve's highly-anticipated policy statement this week.

USD/CAD hit 1.3200 during early U.S. trade, the pair's highest since October 23; the pair subsequently consolidated at 1.3215, gaining 0.47%.

5. U.S. consumer confidence deteriorated to a three-month low in October, dampening optimism over the health of the economy and dimming the case for a U.S. interest rate hike this year, industry data showed on Tuesday.

In a report, the Conference Board, a market research group, said its index of consumer confidence fell to 97.6 this month from a reading of 102.6 in September, whose figure was revised from a previously reported 103.0. Analysts expected the index to rise to 103.0 in October.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 
 

 

 

The second and biggest week of third-quarter earnings season heats up Tuesday when Apple, the maker of the iPhone and the world’s most-valuable company, reports its latest quarterly results after the closing bell.

Apple is one of 169 companies in the benchmark Standard & Poor’s 500 stock index that will report results this week, an earnings season that despite its solid start could still end up being the first quarter of contracting profits since the financial crisis in 2009.

Currently S&P 500 profits are forecast to contract 2.8% in the third quarter, and while still negative that is still better than the 4.8% drop seen at the start of the earnings season.

In addition to Apple, Wall Street will get results from major names in tech like Twitter, Comcast, and Biotech.

Apple is the most important of the day as the gadget maker has been lagging the performance of other major tech players since the market bottom Aug. 25. Apple is up 11.1% since the August low, but Google parent Alphabet is up 22.5% and online shopping giant Amazon.com is up 30.6%.

There are three keys to Apple reports later on today:

1. iPhone 6s and 6s Plus  sales: "Investors will be waiting with great anticipation to hear how sales of the iPhone 6s and 6s Plus are faring," she told clients in a research note. "Three days after the official launch in late September, Apple sold more than 13 million units in one weekend, a company record."

2. Growth in China: "Much of the company’s success this year can be attributed to China, but can massive growth in that region continue?" Short says. "Earlier this year Apple received approval from Chinese regulators to sell iPhones.

3. Product updates: "Investors will also be looking for updates on several of Apple’s other products (Apple Watch, Apple Pay, Apple Music and Apple TV) this quarter that have recently been launched or are in the process of being launched," Short wrote. "These products are likely going to help Apple reduce its reliance on its iPhone segment which currently dictates around 70% of revenues."

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

 

Subcategories

Please publish modules in offcanvas position.