Bank reserves are the required minimum cash for all lending and deposit-taking financial institutions in a specific jurisdiction to have in hard cash at all times. The central bank of each country is responsible for determining the amount of minimum reserve. How does the reserve requirement work? The reserve ratio is determined by the respective country's central banks. … [Read more...] about Bank Reserve Requirements and Their Effects
US Private Employment Climbs to Three-Month High in September
Source: ADP American private employment increased by over half a million in September, posting the highest increase in three months. Total US Nonfarm private employment increased by 568,000, up from the 340,000 in August but lower than the 821,000 recorded in September 2020.Large businesses accounted for the highest growth with 390,000, followed by medium businesses with … [Read more...] about US Private Employment Climbs to Three-Month High in September
UK Construction Slows to 55.2 in September
Source: IHS Markit The construction sector of the United Kingdom posted a decline in September, following issues on transport and supply constraints. The IHS Markit/CIPS UK Construction PMI stood at 52.6 in September, down from the 14-year high of 66.3 in June. This marks the weakest level in eight months.All three construction categories posted a decline in September, … [Read more...] about UK Construction Slows to 55.2 in September
German Construction Continues to Contract in September
Source: IHS Markit German construction continued to post a contraction in September, albeit posting an improvement from the previous month. The IHS Markit Germany Construction Purchasing Managers’ Index stood at 47.1 in September, up from 44.6 in August. This remains lower than the 50.0 threshold that separates expansion from contraction.Civil engineering posted the … [Read more...] about German Construction Continues to Contract in September
IMF Slashes Global Economic Growth Forecast
Source: Reuters The International Monetary Fund (IMF) has downgraded its global economic growth forecast for the year, weighed down by concerns of debt and inflation amid the COVID-19 pandemic. IMF Chief Kristalina Georgieva said the agency now expects global economic growth slightly below 6%, its forecast in July.Georgieva said the main concern is the “Great Vaccination … [Read more...] about IMF Slashes Global Economic Growth Forecast
