US Manufacturing Payrolls (Feb) -12K vs. Exp. 3K (Prev. 5K)
The February manufacturing payrolls sharply missed expectations, with a drop of 12K compared to the anticipated growth of 3K, suggesting significant weakness in the sector.
UKMTO reports that a tugboat was hit by a unknown projectile within the Strait of Hormuz
Western Alliance Bancorp (WAL) CEO says until last week, the loan had performed as expected, adds that they can absorb the loss with minimal disruption
US Manufacturing Payrolls (Feb) -12K vs. Exp. 3K (Prev. 5K)
Swiss government is set to acquire 30 Lockheed (LMT) F-35 jets, vs the 35 initially guided
Jefferies (JEF) believes that Western Alliance (WAL) lawsuit is without merit and it will be defended vigorously
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This miss not only breaks the previous trend of slight gains but could also raise concerns about economic momentum and its implications for policy and interest rates moving forward. Traders should consider how this data might affect market sentiment and future Federal Reserve actions.
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