Source: IHS Markit Business activity in the UK construction sector expanded at the fastest pace in six months in January, driven mainly by the growth in new orders during the month. IUKP.L fell 0.90%. The IHS Markit/CIPS UK Construction PMI Total Activity Index stood at 56.3 in January, up from 54.3 in December. This is the biggest expansion since July 2021.New order … [Read more...] about UK Construction Sector Climbs to Highest Since July 2021
Forex News
UK Construction Output Hits Highest in Four Years
Source: IHS Markit Construction activity in the United Kingdom grew at the fastest pace in four years in January, driven mainly by the improvement in new orders during the month. IUKP.L is down 1.14%. The IHS Markit Eurozone Construction Total Activity Index jumped to 56.6 in January from 52.9 in December. This is the biggest jump since January 2018.New orders grew for … [Read more...] about UK Construction Output Hits Highest in Four Years
US Jobless Claims Down for Second Straight Week
Source: US Labor Department Unemployment claims in the United States declined for the second consecutive week after three straight weeks of increases. DXY is down 0.37%, while Gold is down 0.15%. Seasonally adjusted initial claims for the week ending January 29 fell by 23,000 to 238,000 from the previous week’s upward revised level of 261,000.The four-week moving average … [Read more...] about US Jobless Claims Down for Second Straight Week
Nonfarm Business Labor Productivity Down to Three-Year Low in 2021
Source: Bureau of Labor Statistics US nonfarm business sector labor productivity grew in the fourth quarter of 2021, but this was not enough to boost the full-year figure, which fell to a three-year low. Fourth-quarter labor productivity increased by 6.6% compared with the previous quarter and by 2.0% compared with the same month in 2020.The latest reading is 4.5% higher … [Read more...] about Nonfarm Business Labor Productivity Down to Three-Year Low in 2021
BoE Hikes Bank Rate to 0.5%, Eases Bond-Buying Program
Source: Bank of England The Bank of England hiked its bank rate and agreed to cut down on its bond-buying program, in effort to rein in on inflation. EWU is down 0.40%, while EZU is down 2.23% premarket. The Monetary Policy Committee increased the bank rate by 0.25 percentage points to 0.5%, with five members voting in favor and four voting against.The members in the … [Read more...] about BoE Hikes Bank Rate to 0.5%, Eases Bond-Buying Program
