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US: Jobs Gain Beat Forecast but Unemployment Rate Rose – UOB Group
The US employment report was again mixed. Continued rise in unemployment rate, benign wage growth and decline in ISM services/factory orders lifted Federal Reserve (Fed) rate cut expectations, UOB Group Senior Economist Alvin Liew notes.
Powell's Testimony Today: Key Dates Ahead of Next Fed Meeting -- WSJ
Federal Reserve Chair Jerome Powell's testimony before a Senate committee this morning could give traders more insight on how interest rates might move this year.
Daily options tracking | 'AI laggards' rise together! Intel's multiple call options earn more than 5 times; nearly 80% are bullish on AMD options.
Intel's trading volume slightly increased to 0.609 million lots, with a slight increase in implied volatility to 51.2%; market trading is dominated by call orders, with the largest trading volume for calls with a strike price of $34 expiring on Friday at 0.04 million lots; the highest open interest for calls with a strike price of $35 expiring on August 16th, at 0.024 million lots.
All Eyes on Powell's Semiannual Testimony [Video]
Most European indices including the British big caps closed Monday’s session in the negative.
The mystery of the US interest rate cut remains to be seen! How will Powell "fight with Congress" during his trip to Capitol Hill tonight?
① In the next two days, Powell will personally visit Capitol Hill to face the members of Congress. ② According to the schedule, at 22:00 Beijing time tonight, Powell will be the first to deliver semi-annual monetary policy testimony to the Senate Banking Committee. ③ At the same time tomorrow night, Powell will also visit the Financial Services Committee of the House of Representatives.
The U.S. stock market once again hit a new high! Goldman Sachs joined the bearish camp: the "August Curse" is coming.
Goldman Sachs' global market department director and strategy expert Scott Rubner released a report on Monday, stating that as a large outflow of funds from the stock market, the US stock market will experience two painful weeks in a row since early August. Rubner said: 'Painful trading has turned from upward to downward. The best trading days of the year have passed, buyers have already bought to the full, and ammunition is running out.'