The U.S. economy is adding jobs at a solid pace, with the labour market continuing to meet the Federal Reserve’s definition of full employment.That picture is unlikely to change on Friday when the Department of Labor releases its highly-anticipated nonfarm payrolls report. If the...
Britain's unemployment labour market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. The unemployment rate in the three months to the end of June fell to 4.4 percent, against...
After the uncertainty of the last few days the tension does appear to have come down a notch or two, helped in some part by more clarity after the US said they weren’t looking to a policy on regime change in North Korea, while...
Japan's economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fastest in more than three years, highlighting stronger domestic demand. Gross domestic product expanded an annualized 4.0 percent in...
Asian stocks were mixed while the offshore Chinese yuan spiked after data showed July export and import growth in China had fallen well below forecasts.Export growth is at its lowest since February while import growth was the lowest this year. There is a perhaps...
The Fed stuck to its guns, raising rates by a quarter point and calling for another hike this year, in spite of some pretty dreadful inflation earlier that has the market doubting the central bank's willingness and ability to tighten again in the near-term....
U.S. job growth likely remained strong in May, a further sign of an acceleration in economic activity that would effectively seal the case for an interest rate increase this month despite sluggish wage gains.Nonfarm payrolls probably increased by 185,000 jobs last month, according to...
British construction activity grew at its fastest rate since the end of 2015 last month, as a pick-up in housebuilding helped builders shake off a lacklustre start to the year, a survey showed on Friday.The Markit/CIPS construction purchasing managers' index (PMI) jumped to 56.0...
We highlight three correlations which show the near-term may provide further hikes, further out it may be less pleasant.- 2yrs suggest Fed will continue to hike - 2-10yr spread is out of sync with current hike path - If Fed Funds and 2-10yr spread are to...
Businesses across the euro zone maintained April's blistering growth rate this month as firms struggled to meet growing demand, suggesting the bloc's economic momentum is being sustained, a survey showed.IHS Markit's Flash Composite Purchasing Managers' Index for May, seen as a good guide to...
British manufacturing growth surged to a three-year high in April, adding to signs that factories are enjoying at least a temporary boost ahead of Brexit from the weak pound, a survey showed on Tuesday.The Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) rose to 57.3...
China’s headline GDP growth accelerated at a pace of 6.9% in the first quarter this year, boosted by higher retail sales, fixed-asset investment and growth in exports.The result beat the consensus growth rate of 6.8%, and also gave the market a welcome surprise about...
British manufacturers reported the fastest export growth in more than two years in early 2017 and the services sector also recovered to rack up its strongest sales growth since last June's Brexit vote, a business survey showed on Thursday.The British Chambers of Commerce, which...
European stocks closing the quarter in a rather subdued fashion doesn't change the fact that we’ve still seen a fairly positive start to the year, with record highs for US and UK markets.This has been despite concerns of political instability in Europe, the health of...
British house prices fell in March for the first time since mid-2015, mortgage lender Nationwide said on Friday, another sign that households are turning more cautious as the country prepares to leave the European Union.Nationwide said house prices declined by a monthly 0.3 percent,...
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strengthening labor market. Initial claims for state unemployment benefits increased 15,000 to a seasonally adjusted 258,000 for the week ended March 18, the Labor...
The latest round of U.K. CPI figures have proved a surprise to the market as rising food and energy prices have pushed the key inflation metric to 2.3% y/y. The result far exceeds the expected 2.1% gain and now places the metric well above...
British inflation last month shot past the Bank of England's 2 percent target for the first time since the end of 2013 and looks set to climb further due to the Brexit hit to the pound and rising global oil prices.Consumer prices leapt by...
Britain's unemployment rate fell unexpectedly to its lowest in more than a decade in the three months to January, but pay growth worsened in an unpromising sign for the economy ahead of its divorce with the European Union.The jobless rate fell to 4.7 percent...
U.S. job growth increased more than expected in February and wages rose steadily, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.Nonfarm payrolls rose by 235,000 jobs last month as the construction sector recorded...
British factory output had its strongest growth in nearly seven years in late 2016 and early 2017 and exports also grew quickly, data showed on Friday, suggesting a Brexit boost for the sector from sterling's fall.Manufacturing output fell by 0.9 percent in January, a...
Britain's economy is likely to feel the pain of Brexit more sharply in the coming years despite holding up well so far, according to Chancellor Philip Hammond's latest plan to steer the economy through its split from the European Union.Hammond, announcing an annual budget...
British consumers are cutting back on non-essential spending as the impact of last year's Brexit vote pushes up the cost of their day-to-day shopping, two surveys showed on Tuesday.In a fresh sign of caution among consumers - who helped the economy withstand the Brexit...
UK Spring Budget 2017 preview – how might companies be affected?The Chancellor, Philip Hammond, can point to a resilient economy, rising tax receipts and lower borrowing when he delivers his first Spring Budget on Wednesday (March 8th). But the triggering of Article 50 is...
It was twelve and out for the Dow last night as it finished slightly lower ahead of President Trump’s speech to Congress earlier today, while more hawkish interventions last night from Fed officials saw the prospect of an interest rate move in two weeks’...
Britain's economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thought and there are signs of weakness ahead, data showed, suggesting the Brexit vote will start to take its toll in 2017.The pound fell after the...
Bank of England chief economist Andy Haldane said on Tuesday that a sharp increase in market expectations for an interest rate hike could tighten credit conditions and harm the economy.Haldane said he was comfortable with the central bank's neutral policy stance, pointing out that...
Japan breathed a sigh of relief on Sunday after Prime Minister Shinzo Abe concluded a successful two-day summit with U.S. President Donald Trump, who left protectionist rhetoric off the table as the leaders played golf and forged a strategic partnership.In his first official visit...
Feb 14 - British consumer prices rose last month at the fastest pace since June 2014, caused by higher global oil prices and the Brexit vote-fuelled fall in the value of sterling, official data showed on Tuesday.Consumer prices rose 1.8 percent compared with a...
With producer and consumer inflation hitting multi-year highs once more, the reflation trade receives further fuel.Inflationary pressures continue to explode across China, with producer and consumer prices hitting multi-year highs once more. China is a bellwether for the global economy and further reinforces the...