Reuters Business Today: January 6, 2017

Click to View in Browser Friday, January 6, 2017 Job growth slows, but wages rebound strongly WASHINGTON (Reuters) - U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Wall St. set to open slightly higher after jobs data (Reuters) - U.S. stocks were set to open slightly higher on Friday after data showed employment in December rose less than expected but a rebound in wages suggested sustained growth in the labor market. Trade deficit rises for second straight month WASHINGTON, Jan 6 (Reuters) - - The U.S. trade deficit widened for a second straight month in November as imports rose to their highest level in more than a year on higher oil prices, suggesting that trade was a significant drag on economic growth in the fourth quarter. As Trump targets Toyota over Mexico, Nissan faces bigger risk TOKYO (Reuters) - U.S. President-elect Donald Trump has threatened Toyota Motor Corp over its Mexican-built cars, but the biggest risk from a punitive tariff would be for its compatriot Nissan Motor Co , the largest automaker operating in the country. Japan defends Toyota after Trump broadside over Mexican plant TOKYO (Reuters) - The Japanese government defended Toyota Motor Corp on Friday as an "important corporate citizen" of the United States, after President-elect Donald Trump singled out the automaker and threatened to slap punitive tariffs on its Mexico-built cars. Exclusive: China's ZTE to slash about 3,000 jobs - sources HONG KONG (Reuters) - Chinese telecom equipment maker ZTE , which is facing U.S. trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. Bitcoin extends losses, slides another 12 percent on China warning LONDON (Reuters) - Bitcoin plunged another 12 percent on Friday after China's central bank urged investors to take a rational approach to the digital currency, which has is on track for its heaviest two-day falls in two years. Oil prices post gains on OPEC hopes, but doubts linger LONDON (Reuters) - Oil prices edged higher on Friday as output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply. J.C. Penney holiday sales drop 0.8 percent, shares slide (Reuters) - J.C. Penney Co Inc said same-store sales for November and December fell 0.8 percent, the latest department store chain to report a disappointing holiday season performance. The 'January effect' for stock markets is fading: Goldman LONDON (Reuters) - U.S. and UK equity indexes holding near record highs, a brighter earnings outlook and rising forecasts for economic growth have all spurred talk of the "January effect," or the notion that the first month of the year is always bullish for stocks. Related Video Nasdaq reaches record high, Macy's stirs retail fear Trump threatens Toyota Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook