Source: Office for National Statistics Payrolled employees in the United Kingdom grew to 29.5 million in December 2021, but wages for the previous month failed to keep up with inflation for the first time in 17 months. EWU is aflat premarket. Payrolled employees in December recorded a growth of 184,000 from the November 2021 level and 409,000 higher than the pre-COVID-19 … [Read more...] about UK Payrolled Employees Hit 29.5 Million as Regions Climb Above Pre-COVID Levels
Forex News
US 10-Year Treasury Yield of 2.50% Probable as Growth Returns in 2022, Invesco Says
Source: Invesco Invesco sees the US 10-year Treasury yield reaching 2.00% in 2022, with the investment company saying 2.50% is still a possibility by the year-end. US 10-year Treasury yield is currently 1.818%. Invesco says robust growth, rate hikes, persistent inflation, and the shrinking of the balance sheet will combine to push the Treasury yields higher. The … [Read more...] about US 10-Year Treasury Yield of 2.50% Probable as Growth Returns in 2022, Invesco Says
USDJPY Eyes 115.00 as BOJ Leaves Policy Unchanged and NZDUSD Turns Bearish
US dollar strengthens as 10-year yield rises to one-year highs.USDJPY edges higher as Bank of Japan leaves monetary policy unchanged.NZDUSD sell-off gathers steam after a break below 0.6800. US dollar bounce-back from two-month lows against the major’s, gathered steam Tuesday morning. The dollar index, which tracks the greenback strength, powered the 95.30 level after … [Read more...] about USDJPY Eyes 115.00 as BOJ Leaves Policy Unchanged and NZDUSD Turns Bearish
Chinese Economy Grows Slower Than Expected in 2021 After 4% Expansion in Q4
Source: National Bureau of Statistics of China China’s fourth-quarter economic growth came in faster than projected, given the steady boost in production, but this was not enough to bring the full-year figure up economists’ expectations. MCHI is down 0.11% premarket. The fourth-quarter gross domestic product climbed by 4% from a year ago, faster than the 3.5% forecasted … [Read more...] about Chinese Economy Grows Slower Than Expected in 2021 After 4% Expansion in Q4
China’s Central Bank Cut One-Year Policy Loans to 2.85% on Slowing Economy
Source: Bloomberg China has cut a major interest rate for the first time since the peak of the Covid-19 pandemic in 2020 as the struggling property market and repeated virus outbreaks hampered the growth outlook. CSI 300 Index up +0.86%, CNY USD up +0.09% The People’s Bank of China lowered the rate on its one-year policy loans by 10 basis points to 2.85%, the first cut … [Read more...] about China’s Central Bank Cut One-Year Policy Loans to 2.85% on Slowing Economy
