<ul><li><a href="https://www.forexlive.com/news/us-sept-trade-balance-615b-vs-599b-expected-20231107/" target="_blank" rel="follow">Prior month</a> $-61.5 billion</li><li>US trade balance -64.3 during dollars versus $-64.2 billion estimate. Preliminary was at $-61.5 billion</li>
Blogs
Canada October trade balance +2.97B vs +1.60B expected
<p>This is a final data point ahead of the Bank of Canada decision.</p><ul><li><a href="https://www.forexlive.com/news/canada-september-trade-balance-204b-vs-100b-estimate-20231107/" target="_blank" rel="follow">Prior </a>+2.04B</li><li>Exports C$ 65.98B versus 67.03B las
US Q3 revised unit labor costs -1.2% versus -0.9% expected
<ul><li>Preliminary -0.8% reported on November 2. </li><li>Prior quarter +3.2%</li><li>Q3 unit labor costs -1.2% vs -0.9% estimate</li><li>Q3 productivity +5.2% versus 4.9% expected. Preliminary 4.7%</li><li>Q2 productivity was at 3.6%</li></ul><p>With productivity increa
Canada Q3 labor productivity -0.8% vs -0.6% expected
<ul><li>Prelim was -0.6%</li><li>Prior was -0.1%</li><li>Hours worked +0.1%</li></ul><p>This was the sixth consecutive quarterly decline in productivity. Stats Can said the decline in productivity in the third quarter mainly reflects the contraction in business output </p> This article was
China issues strong warning to the UK after new sanctions are imposed
<p>China has responded to the UK announcing new sanctions on individuals and groups "supporting and funding Putin's war machine".</p><p>The UK's sanctions targeted 31 people and entities, including three Chinese entities for supplying sanctioned goods.</p><p> China warned the UK that any action harm
JP Morgan CEO Dimon urges crypto ban: 'I'd close It down'
<p>JP Morgan CEO Jamie Dimon spoke in the US Congress at a Senate hearing on Wednesday, alongside seven other big bank CEOs.</p><p>Dimon has been a long-time opposer of crypto </p><ul><li>"I've always been deeply opposed to crypto, bitcoin, etc."</li></ul><p>and he reiterated his
Forexlive Americas FX news wrap 6 Dec. Bank of Canada keeps rates unchanged.
<ul><li><a href="https://www.forexlive.com/news/tech-stocks-drop-as-nasdaq-index-slumps-tesla-outperforms-nvidia-tumbles-20231206/">Tech stocks drop as Nasdaq Index slumps – Tesla Outperforms, NVIDIA tumbles</a></li><li><a href="https://www.forexlive.com/news/falling-yields-no-problem-for-
ICYMI: ECB's Villeroy says disinflation is happening quicker than thought, mulls 2024 cuts
<p>Bank of France Governor and therefore European Central Bank Governing Council member Villeroy was speaking with a French paper in an interview published on Wednesday:</p><ul><li>"disinflation is happening more quickly than we thought"</li><li>"This is why, barring any shocks, there will not be a
US Treas Sec Yellen urges bond traders to read data thoughtfully for informed market moves
<p>US Treasury Secretary Yellen remarks hitting the news:</p><ul><li> Fed wants to create financial conditions consistent with bringing down inflation, state of markets feeds into that</li><li>Unclear what role increased Treasury supply had in recent rise in longer-term rates</li><li>Says bond markets
Tech stocks drop as Nasdaq Index slumps – Tesla Outperforms, NVIDIA tumbles
<p>The major indices slumped into the close with the Nasdaq index hit the hardest. A snapshot of the close levels and shows:</p><ul><li>Dow Industrial Average felt -70.15 points or -0.19% at 36054.44. At session highs the index was up 168.01 points</li><li>S&P index fell -17.82 point or -0.39% at 4549.35.