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The Canada employment picture saw a decline of 31.2K jobs, much lower than the +10K which was expected.
Month: August 2016
Market News Briefing – Aug 5th 2016 13:35 (GMT+1)
July jobs report smashed the early forecasts with an extra necklace of 255 thousand jobs, versus forecasts for the addition of only 180 thousand.
The futures contracts on Wall Street are at a positive direction after the report’s release.
This is the second consecutive NFP report which dramatically smashes the forecasts.
Breaking news – Aug 5th 2016 13:30 (GMT+1)
Details of the July 2016 US Non-farm payrolls data report:
255k vs expectation of 180k
Also:
Unemployment rate is 4.9% against expectation of 4.8%
Average hourly earnings is 0.3% against expectation of 0.2%
Market News Briefing – Aug 5th 2016 09:30 (GMT+1)
The European stock markets trade is conducted with rising prices ahead of the employment report to be published later today in the US.
London climbed by 0.6% after the interest rate cut in the UK to a low of 0.25%. Frankfurt rising by 0.3%, Paris is stronger by 0.7%.
Market News Briefing – Aug 5th 2016 08:15 (GMT+1)
The Asian stock markets trading is conducted in a positive trend this morning, after the interest rate cut in Britain, and ahead of the US employment report due to be published today at 13:30.
Market News Briefing – Aug 5th 2016 08:00 (GMT+1)
So far this morning the WTI oil went down by 0.9% to $ 41.5 per barrel, after the price has jumped by 6% over the last two days.
Market News Briefing – Aug 4th 2016 13:00 (GMT+1)
Following the interest rate cut in Britain, the British pound fell by 1.3% against the US dollar to the level of 1.3129.
The British currency weakened by 1.1% against the Euro to the level of 1.1818.
Breaking news – Aug 4th 2016 12:00 (GMT+1)
For the first time in more than seven years ago: Britain has lowered its interest rates to a low of 0.25%!
Market News Briefing – Aug 4th 2016 08:45 (GMT+1)
Today at 12:00 the Bank of England will announce the interest rate, after leaving the interest rates unchanged in the previous release.
The economists forecast is that the Governor will cut the interest rate, however also in the last time there were the same expectations which not materialized.
The UK central bank has not changed the interest rates since March 2009, when it lowered the interest rates to a low of 0.5%.
Market News Briefing – Aug 4th 2016 08:30 (GMT+1)
The leading European stock markets opened today with gains.
The German DAX climbed by 0.8% at the opening after rising 0.26% yesterday.
The French CAC climbed by 0.7% and the FTSE rises 0.1% after falling 0.17% yesterday.
The Asian morning trade rising as well when Japan’s Nikkei climbs more than 1%.
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