Midweek Market Update: September 2, 2015 - Gainesville Coins News
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Midweek Market Update: September 2, 2015

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Midweek Market Update: September 2, 2015

Check out the brief list below for an overview of the important developments on the markets on Wednesday.

  • Productivity measures in the U.S. jumped during the second quarter, posting a 3.3% increase in productivity among American workers during Q2. The quarterly numbers were revised sharply upward after initially being reported around 1.3%.
  • The ADP payrolls report reveals that the labor market added 190,000 jobs during August. This was below expectations of 201,000 and follows a downward revision of July's payrolls to just 177,000 new jobs. This is two consecutive months of sub-200,000 figures from the ADP, after the economy added more than 200,000 jobs in 9 of the previous 11 months.
  • European stock indices were up modestly by Wednesday's closing bell, breaking a three-day losing streak for the region's major stock averages. Equities in the U.S. bounced back even stronger, nearly recovering all of Tuesday's losses (almost 3%).
  • Even as major firms around the world (across nearly all industries) struggle to squeeze out profits amid the ongoing global economic slowdown, iconic toy-maker Lego stands out, enjoying rising sales so far in 2015.

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

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