Source: Office for National Statistics The UK posted an unemployment rate of 3.9% in the November to January quarter, down by 0.2 percentage points. FTSE 100 is down -1.36%, GBPUSD is up +0.33%. Following the decline in the unemployment rate, the employment rate improved by 0.1 percentage points to 75.6% in the November to January quarter.The economic inactivity rate rose … [Read more...] about UK Unemployment Falls by 0.2% in Nov-Jan Quarter as Job Vacancies Hit a Record
Forex News
BlackRock Funds Incur $17-Billion Losses as Sanctions on Russia Hit
Global asset manager BlackRock has recorded some $17-billion worth of losses due to its Russian exposure, FT reported. BlackRock has marked down a number of its Russian assets valued at $18.2 billion at the end of January due to the impact of worldwide sanctions imposed against the country after President Vladimir Putin invaded Ukraine. The company halted acquisitions of … [Read more...] about BlackRock Funds Incur $17-Billion Losses as Sanctions on Russia Hit
UK Opens 2022 With Economic Rebound as Restrictions Ease
Source: Office for National Statistics The UK economy opened the year with a rebound, as services posted growth with consumers returning to food and beverage activities. EWU is up 1.23% premarket. The gross domestic product grew by 0.8% in January, following the 0.2% in December when restrictions were in place due to the COVID-19 Omicron variant.All sectors posted growth … [Read more...] about UK Opens 2022 With Economic Rebound as Restrictions Ease
UK Trade Deficit Widens by £8.6B in the Quarter to January
Source: Office for National Statistics The UK posted a goods and services deficit of 21.3 billion pounds in the three months to January 2022, an increase of 8.6 billion pounds. FTSE 100 is up +0.90%, GBPUSD is down -0.13%. The rise in trade deficit reflects an 11.0% or 4.7 billion pounds jump in imports against an 8.7% or 2.5 billion pounds increase in exports.Imports … [Read more...] about UK Trade Deficit Widens by £8.6B in the Quarter to January
US Mortgage Rates Up for First Time in Three Weeks
Source: Bloomberg US mortgage rates climbed amid the growth of prices and purchasing power weakening with the continued inflationary uptick, marking the first upward movement in three weeks. XHB is down 1.88%, while ITB is down 1.74%. The average rate for the 30-year loan grew to 3.85% from 3.76% in the past week, according to Freddie Mac.The housing market is set to … [Read more...] about US Mortgage Rates Up for First Time in Three Weeks
