Stock market outlook: German industrial orders surprisingly down in July

German industrial orders fell surprisingly sharply in July, posting an 11.7% month-on-month decline, according to the Federal Statistical Office. Analysts had expected a decline of 4.0%. The decrease was mainly attributed to the previous month’s increase in the aerospace sector. New orders in June were up unexpectedly, indicating the volatile nature of the order situation.…

Forex: Where did the weakness of the US dollar come from?

Despite the positive US Nonfarm Payrolls, the US dollar has already been under pressure since Thursday. The higher-than-expected unemployment rate could be just one of the reasons. Against the Japanese yen, the U.S. dollar, which slipped more than 1.2% at times on Friday, was able to trade slightly higher again as of today’s Monday. However,…

Shares: Trip.com Group announces release of Q2 2023 financial results

Shanghai, August 23, 2023 – Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961), a leading global travel services provider, plans to release its second quarter 2023 financial results on September 4, 2023 after market close. Trip.com Group offers a full range of travel products and services, including hotel reservations, transportation ticket bookings, package tours and business…

Stock Market Outlook: US Nonfarm Payrolls Exceed Expectations – US Dollar Under Pressure

The highly anticipated U.S. Nonfarm Payrolls were released at 2:30 p.m. today and surprised the markets positively. Instead of the expected 170,000 new jobs, 187,000 were reported. This is an important indicator of the strength of the U.S. economy because it captures the change in employment over the previous month, excluding agricultural jobs. The reaction…

USA Figures: Nonfarm Payrolls, Average Hourly Earnings, Unemployment Rate

Average Hourly Earnings Durchschnittliche Stundenlöhne messen die Veränderung der Preise, die Unternehmen für Arbeitskräfte zahlen, unter Ausschluss des Agrarsektors. Nonfarm Payrolls Nonfarm Payrolls misst die Veränderung der Beschäftigtenzahl im Vormonat, unter Ausschluss der Landwirtschaft. Die Schaffung von Arbeitsplätzen ist der wichtigste Indikator für die Konsumausgaben, die den Großteil der wirtschaftlichen Aktivität…

Stock market outlook: Nonfarm Payrolls in the U.S. – another negative number?

The release of the Nonfarm Payrolls, expected at 2:30 p.m. today, is a key moment for financial markets. This figure measures the change in the number of employees in the previous month, excluding agricultural jobs. Why is this important? Because job creation is a key indicator of consumer spending, which accounts for much of the…