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Hammond Tries to Talk Up U.K., But Numbers Don't Back Him

Philip Hammond tried to talk up the U.K. economy, but the numbers don’t back him up. In 2021, when the U.K.’s Brexit transition will have ended, the government’s budget watchdog lowered its growth forecast. What’s more, it looks like the…

French payroll employment increased steadily in Q4 2017

In Q4 2017, net payroll job creation reached 72,700, that is an increase of +0.3% after an increase of +0.2% in the previous quarter. Payroll employment increased by 82,300 in the private sector while it decreased by 9,600 in the…

NAB Business Confidence rose to +21

The business conditions index moved 3pts higher to +21 index points. This is a record high since the monthly survey commenced in March 1997, although the same measure in NAB’s quarterly survey reached this level in 1994. According to Alan…

U.S. government posts $215 billion deficit in February

The U.S. government had a $215 billion budget shortfall in February as revenues into the government's coffers fell and outlays increased, the Treasury Department said on Monday. That compared with a budget deficit of $192 billion in the same month…

EU wants capital market plan in place before Brexit

The European Union stepped up efforts on Monday to create a more unified and cheaper capital market by next year when it faces the loss of Britain, the bloc’s biggest financial center. The EU’s executive European Commission set out its…

Dollar tumbles, hurt by benign wage inflation, tariff action

The dollar fell on Monday, pressured by data showing persistently low wages that will likely constrain the U.S. Federal Reserve from raising interest rates more than three times this year. Friday’s non-farm payrolls report showed U.S. job gains for February…

There are growing warning signs on Australian household debt

Research from the Bank for International Settlements (BIS) suggests investors should be aware of warning signs in Australia’s credit markets. The BIS monitors a number of key data variables which can signal signs of financial stress, as part of efforts…

USD - Major events in the week ahead

Events that marked the week: On Monday ISM Non-Manufacturing PMI data was published. The NMI® registered 59.5 percent, which is 0.4 percentage point lower than the January reading of 59.9 percent. According to the NMI®, 16 non-manufacturing industries reported growth.…

Non-Farm Employment rose by 313,000

Total nonfarm payroll employment increased by 313,000 in February, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported.Employment rose in construction, retail trade, professional and business services, manufacturing, financial activities, and mining.

UK Industrial Production increased less than expected

In the three months to January 2018, the Index of Production increased by 0.2% compared with the three months to October 2017, due to a rise of 0.9% in manufacturing; this was partially offset by a decrease of 6.4% in…

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