81. Buyers were encouraged by the employment report, which lessened expectations of an immediate increase in interest rates. 82. Canadian government bonds plunged to their lowest since October after an unexpectedly strong U.S. employment report crushed hopes for another drop in interest rates. 83. Canadian stocks are expected to rise for a third session after a U.S. employment report sent bond yields lower. 84. Canadian stocks fell for the fifth straight session after bond yields rose when a U.S. employment report for May showed unexpected gains. 85. Canadian government bonds rallied after two employment reports failed to convince investors that North American central banks will raise lending rates soon. 86. Changes in the average hourly wage, also part of the monthly employment reports, moved interest rates in predictable ways. 87. Comments by Fed officers had cooled speculation the central bank has room to cut rates even before the employment report. 88. Compounding declines was speculation, denied by the Labor Department, that the government miscalculated the employment costs report. 89. Crescenzi noted that the market was better prepared for the previous two monthly employment reports, based on options activity. 90. Currency traders are also looking to the U.S. employment report on Friday for a perspective on where U.S. rate are headed. |
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