1. A U.S. jobless report indicated the economy was not slowing enough to prompt a cut in U.S. rates. 2. But the jobless report was far worse than economists had expected, and they believe it foreshadows a tough economic future for the nation. 3. Still, the jobless report in Canada, may stop the central bank from lowering rates, regardless of U.S. action. 4. The bond market was poised for the release of the August jobless report Friday. 5. The dollar rose against most major currencies for a third day, helped by the jobless report and a rally in the Mexican peso. 6. The gain came even as U.S. Treasuries declined following a stronger-than-expected initial jobless report. 7. The jobless report caused the stock and bond markets to rally on the expectation that a slowing economy will discourage the Federal Reserve from further interest-rate hikes. 8. The jobless report sparked selling of U.S. Treasury bonds as investors concluded the Federal Reserve Board is unlikely to cut interest rates soon. 9. The jobless report sent stock prices sliding. 10. The market was also responding to the mixed jobless report for September. |