At least three banks obtained key jobs data amid report delay - report
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Payroll Data Delay: Mizuho Financial Group, BNP Paribas, and Nomura Holdings received crucial payroll figures directly from the Bureau of Labor Statistics after a government delay caused confusion on Wall Street, with data released 30 minutes late showing a significant reduction in payroll numbers.
Impact on Federal Reserve: The report indicating the largest markdown in payrolls in 15 years is increasing pressure on the Federal Reserve to consider cutting interest rates at their upcoming meeting on September 17-18.
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About NMR
Nomura Holdings Inc is a Japan-based company mainly engaged in the securities, investment, and other financial services business across the world. The Company has three business segments. The Sales segment provides investment consultation services to individual clients in Japan. The Investment Management segment provides investment management services and investment solutions, including the establishment and management of investment trusts, discretionary investment services for domestic and foreign investors, fund management and administration for investment corporations and institutional investors, and silent partnership management. The Wholesale segment is engaged in the sale and trading of bonds, equity securities, derivatives, and foreign exchange, as well as investment banking services such as the bonds and securities underwriting business, merger and acquisition (M&A) business and financial advisory services. The Company operates in Japan, the Americas, Europe, Asia and Oceania.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
