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Baker Hughes also reported a reduction in natural gas rigs, bringing total USA rigs were to a 13-year low.

The jobless rate, which is derived from a separate survey of households, was unchanged only because 350,000 workers stopped looking for work last month and were no longer counted as part of the labour force.

The Dow Jones Industrial Average dropped as much as 259 points in early trade, but recovered somewhat to trade 62 points, or 0.4, higher at 16,335, with losses in financials including (http://www.marketwatch.com/story/ugly-jobs-report-is-punishing-financial-stocks-2015-10-02)J.P....

On the Comex division of the New York Mercantile Exchange, gold for December delivery traded down 0.13% to $1,112.30 a troy ounce.

The best performing sector in 3Q was utilities, which was the only one of 10 S&P 500 sectors to close the quarter in positive territory.

And a few worse-than-expected news for the economy is out this hour.

November Brent crude on London’s ICE Futures exchange rose $0.44 to $48.13 a barrel.

The weak September jobs report and downward revisions to the prior two months raised fresh fears about the health of the USA economy, which appears to have weakened amid a slowing global economy and recent market turbulence.

If Goldman Sachs’s estimates end up being accurate, this would mean a drop of approximately 3 percent for the S&P 500, its first negative year since 2011.

So if you’ve been waiting with bated breath to see whether the Federal Reserve would raise interest rates or not, at least after watching this video you can say, “Now I get it”. Over the past 30 years, there have been 4 major tightening cycles in 2004, 1999,...

In the eurozone, Frankfurt’s DAX 30 slid 1.47 percent to 9,545.90 points and the Paris CAC 40 shed 1.77 percent to 4,401.30.

Crude oil futures fell in early Asian trade on Wednesday after US inventories showed a weekly buildup that far exceeded analyst expectations.

International Monetary Fund Managing Director Christine Lagarde said growth was picking up in the euro area and Japan and still looked robust in the United States and Britain.

“Therefore, the Reserve Bank has front-loaded policy action by a reduction in the policy rate by 50 basis points”. As it is, the ASSOCHAM does not expect the exports to go beyond Dollars 268 billion in the current fiscal as against USD 310 billion.

“None of this should come as much surprise”, given the current-account deficit and risk of capital flight, he said. “Growing demand for insurance in the near term, combined with regulatory encouragement of highly prudential “actuarial pricing” after...