US Labor Market Shows Significant Weakness - Money Markets Favor Rate Cut in December - DAX Declines - Coherent Exceeds Expectations Thanks to AI Data Centers - D-Wave Quantum with Massively Expanded Quarterly Loss - Snap Partners with Perplexity
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US labor market weakens significantly – bonds in rally mode thanks to Fed rate cut hopes, US dollar declines Significant signs of cooling in the US labor market are causing movements in financial markets and driving down bond yields. Investors are increasing their bets on a rate cut by the Federal Reserve in December, after data from Challenger, Gray & Christmas reported the highest number of announced job cuts for an October in over 20 years. Money markets mainly favor a rate cut in December The money markets are now pricing in...
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