FURTHER WEEKEND READING
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There was nothing to cheer in Friday’s US employment situation report for August, including the decline in the unemployment rate.
Payrolls in the prior two months were revised downward a combined 74,000. The fall in the unemployment rate was down to yet another decline in the labour force participation rate. Read more
Live markets commentary from FT.com
Optimism grows for developed economies || Summers would face key ‘no’ votes for Fed || IMF warns Norway over housing bubble || UK interest rate expectations rise || ICAP in talks to settle US, UK rate probe || Apple probes work conditions at China factory || Blockbuster Verizon bond sale to test debt appetite || Watchdog launches Batista investigation || Yuan volatility decreases || Trading in yen soars || Markets Read more
It’s been a long time coming, but Geneva property owners desperate to sell are finally beginning to slash prices after a summer season characterised by a bitter standoff between buyers and sellers.
Transactions throughout the period were few and far between as bid-ask spreads widened dramatically, especially in the SF3m plus market range. Read more
Markets: Asian stocks fell, snapping a six-day rally, and the yen strengthened before US jobs data that may signal whether the Federal Reserve will pare stimulus. Ten-year Australian bond yields climbed, while copper advanced. (Bloomberg) (Financial Times)
Today: Europe: German IP, UK IP. US: Non-farm payrolls. Read more