The bank is set to announce earnings for the previous quarter during the pre-market tomorrow (13 October), with the second quarterly report beating expectations for revenue and earnings. If the bank does exceed the consensus expectations, there may be a more significant upside. Read more.
Friday’s unemployment figures came out with mixed results as NFP missed expectations, however with Average Hourly earnings and the Unemployment Rate coming in significantly better than expected we saw parabolic movements in both directions. Read more.
The unemployment rate will be under the spotlight today as the Fed gears up to start tapering, expectations are that the Fed is set to announce tapering in November with a likely implementation in the first quarter of 2022. Read more.
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