The upcoming United States jobs report is expected to reveal a significant slowdown in hiring for June, along with a slowdown in wage growth. This report, eagerly awaited by market watchers, will offer new insights into the readiness of the labour market.
The median estimate from a Bloomberg survey suggests that nonfarm payrolls most likely increased to 190,000 in June. In addition, the average hourly wage is expected to increase 3. 9% year-on-year, which represents the smallest increase in three years. The Bureau of Labor Statistics is expected to release the full report this Friday.
The unemployment rate is expected to hold steady at 4%, maintaining its highest level in over two years.
This slow cooling of the hard-working market aligns with the Fed’s strategic outlook. The central bank is contemplating multiple interest rate cuts this year for economic growth. Current knowledge of the futures market indicates that investors strongly expect that the Federal Open Market Committee (FOMC) put rate cuts into effect at its September and December meetings.
“While the jobs numbers would likely recommend that the Federal Reserve can wait before cutting rates, the recent rise in the unemployment rate indicates a more urgent need for action,” Bloomberg economists Anna Wong, Stuart Paul, Eliza Winger and Estelle Ou. pre-launch analysis.
“We, the Federal Reserve, will have enough evidence during the September FOMC meeting to justify a rate cut,” the economists added.
In June, average hourly earnings are expected to have risen by 0. 3%, following an unforeseen increase of 0. 4% in May. This would put the annual expansion rate below 4% for the first time since 2021, reinforcing confidence that inflation is on a downward trajectory. .
The report is also expected to show that the unemployment rate remained unchanged at 4%, while the participation rate rose to 62. 6%, reversing the drop seen in May. The drop in May occurred mainly among people aged 20 to 24 and seniors. 55 years of age or older. By contrast, participation in the organization at running age (25-54 years) reached its highest point since 2002 in May.
As the labor market shows signs of slowing, policymakers and investors will be watching those numbers to assess the long-term direction of economic policy and its broader impact on the economy.
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Increases across the board of Deep Leads’ resources: quality, tonnage and target area ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at Deep Leads’ rare ion adsorption clay (IAC) earth deposit in northern Tasmania. The accumulation in MRE comes from 36 tested outlets, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trader, signed a memorandum of understanding for up to 25,000 t/yr. Subject to execution, this is a feat as Ford and Hanwa are poised to collaborate on long-term strategic partnerships with LKE. Commercial negotiations are still ongoing but should, namely whether Ford and Hanwa will inject new capital into LKE, removing additional risks in financing the task and thus ensuring that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for expansion of the existing MRE at Lake Throssell, as well as a significant expansion opportunity at Lake Yeo. This reinforces the prospect of a multi-decade SOP Tier 1 production center around Lake Throssell.
Lately, TMG is completing paints in preparation for the PFS planned for early 2023, adding the start of drilling in Q3 2022, evaporation testing and permitting activities. The effects of these systems will affect the PFS and any long-term resource improvements.
The reference prices of SOPs have risen to around USD 940/t due to recent geopolitical events. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that each 10% accrued in value effects at a cumulative $144 million NPV of the $364 million allocation. The accumulation of about 70% compared to the scoping study implies a NPV allocation of approximately $1. 4 billion.
Despite falling oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show improvement in its main indicators.
WT Financial Group Limited (WTL) is a rapidly growing diversified monetary company, founded in 2010 and indexed on the Australian Stock Exchange (ASX) in 2015. Its recommendations and product offerings are provided primarily through an advisory organization independent monetary advisors who act as legal advisors. representatives. WTL in relation to its broker organization activities Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisors in over two hundred money advice companies across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a full study report on ASX-listed biotech Immutep Ltd (ASX: IMM). It was so inspired by IMM that Corporate Connect found it imperative to publish a follow-up report valuing the company, as the market did not see the great prospects of eftilagimod alfa (efti).
This follow-up report was released today. Using comparables, after adding a reduction of money to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at AU$2. 20.