US Non Farm Payrolls (Feb) -92K vs. Exp. 59K (Prev. 126K, Rev. From 130K, Low. 10K, High. 125K); Two-month net revisions: -69K (prev. -17K); Dec. was revised down by 65k, Jan. revised down by 4k.
The US Non-Farm Payrolls report for February posted a significant miss at -92K compared to expectations of +59K, indicating a weakening labor market and suggesting potential headwinds for future economic growth.
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 Non Farm Payrolls (Feb) -92K vs. Exp. 59K (Prev. 126K, Rev. From 130K, Low. 10K, High. 125K); Two-month net revisions: -69K (prev. -17K); Dec. was revised down by 65k, Jan. revised down by 4k.
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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The downward revisions for previous months, particularly a loss of 65K jobs in December, reinforce concerns about the sustainability of recent labor gains and may lead to a reassessment of Federal Reserve policy direction and interest rate expectations. This disappointment could weigh on the USD as markets absorb the implications for growth and inflation dynamics.
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