August Jobs Preview: Good News Is Bad News

"A stronger NFP print will likely push bond yields higher, weighing on Equities; the logic is that more jobs leads to more spending and that combined strength should embolden businesses to hire further." 

Russia's Oil Revenue Sinks As Urals Falls To $59

Russia’s tax authority calculated August oil revenues using a crude price of just over $59 per barrel. Urals, Russia’s main export grade, averaged almost $95 per barrel during the spring after the Iran war pushed buyers toward barrels outside the Persian Gulf.



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