October Daily Review - 02/10

 

1. The dollar turned lower against the other major currencies on Friday, after data showed that the U.S. created far less jobs than expected last month, dampening optimism over the strength of the economy.

The dollar erased gains against the yen, with USD/JPY down 0.39% at 119.42, off highs of 120.41 hit earlier in the day.

2. U.S. oil futures climbed higher on Friday, amid growing concerns over escalating violence in Syria and as markets eyed the release of U.S. data later in the day.

U.S. crude futures for November delivery were last at $45.22 a barrel, up 1.07% for the day. On the ICE Futures Exchange in London, the November Brent contract were up 0.28% at $47.83 a barrel.

3. Wall Street opened sharply lower on Friday after data showed a less-than-expected rise in nonfarm payrolls in September, raising doubts that the economy is strong enough to allow the Federal Reserve to raise interest rates this year. The three major indexes were down more than 1.5 percent.

4. U.S. factory orders fell more-than-expected last month, official data showed on Friday.

In a report, US Census Bureau said that U.S. Factory Orders fell to a seasonally adjusted -1.7%, from 0.2% in the preceding month whose figure was revised down from 0.4%. Analysts had expected U.S. Factory Orders to fall to -1.2% last month.

5. Experian Plc (L:EXPN), the world's biggest consumer credit monitoring firm, on Thursday disclosed a massive data breach that exposed sensitive personal data of some 15 million people who applied for service with T-Mobile US Inc (N:TMUS).

Experian said it discovered the theft of the T-Mobile customer data from one of its servers on Sept. 15. The computer stored information about some 15 million people who had applied for service with telecoms carrier T-Mobile during the prior two years, Experian said.

 

 

 

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