The unemployment report on Friday was much weaker than expected as zero net jobs were created. More disheartening was that average hourly earnings produced a negative number, which failed to confirm and support the earlier released personal consumption data. The equity markets went into risk-off mode as the economy went into the Labor Day weekend in a very fragile state.
Tags:Bank of Canada, Beige Book, BOE, Canadian Dollar, Charles Evans, default, ECB, EFSF, ethanol, EUR/CHF cross rate, Euro, European Commission, Fed, German Constitutional Court, Gold, Ivey PMI, Loonie, Mark Carney, Merkel, Pound, QE, Scandies, SNB, Steve Liesman, swiss, unemployment
Posted in Currency, ECB, Europe, Federal Reserve, Switzerland | 8 Comments »
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 | |