U.S. job growth defied expectations in September

The South African Reserve Bank has lowered its main repo rate to 6.75%, responding to expectations of a decrease in inflation amid anticipated economic growth. This decision reflects the bank's strategy to support the economy while managing inflationary pressures.

Walmart has reported strong sales growth, indicating that consumers are still willing to spend when they perceive good value, despite ongoing economic concerns. The company has raised its outlook, reflecting confidence in its performance amidst a challenging retail environment.

In September, the US economy added 119,000 jobs, surpassing expectations despite a rise in the unemployment rate to 4.4%. This job growth follows unexpected losses in August, indicating a rebound in the labor market. Analysts are closely monitoring these developments as they assess the overall economic landscape.

In September, U.S. nonfarm payrolls increased by 119,000, while the unemployment rate rose to 4.4%. This job growth follows unexpected losses in August, indicating a potential rebound in the labor market. Analysts are closely monitoring these developments as they assess the overall economic landscape.

BNP Paribas has increased its capital buffer target and announced a €1.15 billion buyback program to be initiated by the end of the month. This decision aims to bolster investor confidence in the bank's financial stability and growth prospects.

BNP Paribas has raised its capital buffer target and announced a €1.15 billion buyback program to be launched by the end of the month. This move is aimed at reassuring investors about the bank's financial stability and growth prospects.

Economists anticipate that employment growth was weak in September, coinciding with a government shutdown that delayed the collection of labor market data. This situation raises concerns about the overall health of the job market as analysts await more information.

Paul Blustein asserts that the U.S. dollar's dominance is secure, stating that only 'catastrophic missteps' could threaten its position. The dollar's strength is attributed to the open capital account and the liquidity of U.S. markets, which reinforce its entrenched status in the global economy.