Bloomberg

Wall Street touts ‘grill lower’ trades as Iran weighs on stocks

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Wall Street touts 'grill lower' trades as Iran weighs on stocks

(Bloomberg) — As the war in Iran enters its fifth week, Wall Street banking strategists have been pitching trades that could pay off if the stock market selloff is slow and steady. BBVA has recently recommended April Euro Stoxx 50 Index put spreads, citing the relaxation of the market even in the presence of a … Read more

The US job market is likely to shrink this month after a cold March

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The US job market is likely to shrink this month after a cold March

(Bloomberg) — U.S. employment likely rose in March after one of the biggest contractions in wages since the pandemic, extending a series of erratic numbers. Economists estimate 60,000 jobs were added in the month following a decline of 92,000, according to a Bloomberg poll ahead of Friday’s report. The unemployment rate appears stable at 4.4%. … Read more