US job growth strong in November; Rising wages

Nonfarm payrolls increased 263,000 in November Unemployment rate stable at 3.7%; Participation rate drops average hourly earnings up 0.6%; 5.1% increase year-on-year WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and increased wages despite growing recession fears, but that probably won’t stop the Federal Reserve from slowing the pace of interest … Read more

China is preparing to ease coronavirus restrictions after a week of protests

Sources: China allows home quarantine, cuts mass testing A senior official says the severity of the virus is weakening The shift comes after a series of demonstrations Biggest public challenge show in years HONG KONG/BEIJING (Reuters) – China is set to announce an easing of COVID-19 quarantine protocols in the coming days and a cut … Read more

Coronavirus protests escalated in Guangzhou as China’s lockdown anger boiled over

SHANGHAI/BEIJING (Reuters) – People in Guangzhou, China’s manufacturing hub, clashed with white riot police wearing hazmat protective gear on Tuesday night, videos on social media showed, as frustration with strict COVID-19 rules boiled over. 19 three years later. epidemic. Clashes in the southern city constituted an escalation of protests In the commercial center of Shanghai, … Read more

Investors hope Beijing will lift COVID restrictions faster as protests dampen markets

Dozens of universities, demonstrators show civil disobedience There was no sign of new protests in Beijing and Shanghai on Monday Chinese bonds and stocks suffered huge outflows in 2023 LONDON (Reuters) – Rare protests spreading across China over Beijing’s anti-coronavirus policy may have unleashed a new wave of political uncertainty, but could also hasten the … Read more

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Nasdaq leads Wall Street lower after hawkish Fed comments

Technology and growth stocks decline as returns rise Biogen, Lilly Rises on Roche’s Alzheimer’s Drug Failure Indices down: Dow 0.02%, S&P 0.43%, Nasdaq 1.02% November 14 (Reuters) – Wall Street’s main indexes fell on Monday, with the tech-heavy Nasdaq index down nearly 1%, as hawkish rhetoric from a U.S. Federal Reserve official dampened hopes that … Read more