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10 Jan 2020

US likely added 2.14 million jobs last year, least since 2011 - Bloomberg

The US likely added 2.14 million jobs in 2019, bettering the economists' forecast by about quarter million. However, it will be the slowest annual gain since 2011, the final Nonfarm Payrolls report for 2019 due on Friday is expected to show, according to Bloomberg.

The data is also expected to show the pace of job additions slowed to 160,000 in December from November’s 266,000.

For 2020, economists expect average monthly job gains to further moderate to 127,000 from 178,000 in 2019.

The American dollar will likely pick up a strong bid if the monthly payrolls blow past expectations.

Jan 10, 2020

Gold: On a slippery ground below $1550 as trade sentiment stays positive

Gold prices extend declines below $1,550, at $1,548.55 currently, during the early Friday.

Revolutionary SOE reform taking place - GT

An encouraging article in The Global Times writes, "Despite China-US trade tensions and some new skepticism about the direction of China's reforms, st