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Eurozone CPI expected to be -0.3%

Euro area annual inflation is expected to be -0.3% in February 2015, up from -0.6% in January. This was above expected inflation of -0.5%. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in February (1.1%, compared with 1.0% in January), followed by food, alcohol & tobacco (0.5%, compared with -0.1% in January), non-energy industrial goods (-0.2%, compared with -0.1% in January) and energy (-7.9%, compared with -9.3% in January).
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Sterling higher after upbeat in job figures

Claimant Count Change figures showed that number of unemployed was down 38,600 from December 2014, beating market forecasts o decrease by 25,200, and also  down 383,500 from a year earlier, but 44,600 higher than the pre-downturn trough of 778,400 for February 2008. The unemployment rate was 5.7%, lower than for July to September 2014 (6.0%) and lower than for a year earlier (7.2%). Analysts were anticipating no change from 5.8%.

Aussie down after job figures

Australian employment decreased by 12,200 to 11,668,700, missing expectations on a smaller increase by 4,700. Full-time employment decreased by 28,100 to 8,078,000 and part-time employment increased by 15,900 to 3,590,700. Unemployment increased 34,500 to 795,200. The number of unemployed persons looking for full-time work increased 200 to 551,800 and the number of unemployed persons only looking for part-time work increased 34,300 to 243,400.

NFP rose by 257,000 in January

Total nonfarm payroll employment rose by 257,000 in January. Analysts were predicting rise by 224, 000. Job gains occurred in retail trade, construction, health care, financial activities, and manufacturing. After incorporating revisions for November and December monthly job gains averaged 336,000 over the past 3 months. 

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