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MacroFrance 24 World

Trump’s stillborn diesel deal: Why Russian oil tankers are not heading to the US

The first oil tankers scheduled to deliver Russian diesel to the US under a deal between President Donald Trump and his Russian counterpart Vladimir Putin have changed course and are no longer heading toward the US coast. It spells the end of an agreement announced with great fanfare before the midterms.

ForexForexLive

US October non-farm payrolls +165K vs +65K expected

Prior was +29K (revised to +60K) Two-month net revision +84K Unemployment rate 4.1% vs 4.2% expected Prior unemployment rate 4.2% Unrounded unemployment 4.141% vs 4.1753% prior Participation rate 61.9% vs 61.8% prior U6 underemployment rate 7.9% vs 7.6% prior Average hourly earnings +0.4% m/m vs +0.3% expected Average hourly earnings 3.1% y/y vs +2.9% expected Average weekly hours 34.4 vs 34.4…

ForexForexLive

Canada Employment change for October -4.7K vs 13.6K estimate. Unemployment rate 6.7%.

Prior month -68.3K Details: Employment change −4,700 vs +13,600 expected. Prior −68,000. Unemployment rate 6.7% vs 6.5% expected. Prior 6.5%. Employment rate 60.5% vs 60.6% in September. Average hourly wages +2.2% year over year vs +2.3% in September, before seasonal adjustment. Full time employment -18.1K vs -35.4K last month Part Time employment 13.4K v -32.9k last month October components…

CommodityOilPrice.com

FGE NexantECA Sees Slim Chance of U.S.-Iran Deal

The chances of a U.S.-Iran deal are low and the next two months carry the greatest escalation risks that could derail the recovery of oil flows through the Strait of Hormuz, energy consultancy FGE NexantECA says after the U.S. midterm elections. “Not only are we not close to a resolution, we are even worse than we were before the June MOU,” FGE NexantECA’s chairman Emeritus, Fereidun Fesharaki,…

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