Source: Office for National Statistics Employment in the United Kingdom posted a slight increase in the third quarter of the year, as both unemployment and economic activity both slipped from the previous quarter. EWU is up 0.43% premarket. The employment rate was recorded at 75.3%, posting a 0.5-percentage point climb from the previous quarter, equivalent to 32.416 … [Read more...] about UK Employment Slightly Up in Third Quarter
Forex News
UK Business Activity Posts Broad Growth in September, Supply Woes Continue
Source: Markit Economics The United Kingdom posted broad-based growth in September, but supply constraints continued to be detrimental to business activity during the month. EWU is up 0.43% premarket. The PMI Business Activity index posted strong growth in several areas, such as Wales at 57.1, the West Midlands with 56.3, Scotland with 56.1, London with 55.9.The North … [Read more...] about UK Business Activity Posts Broad Growth in September, Supply Woes Continue
World Leaders Agree to 15% Global Minimum Corporate Tax Rate
Source: OECD World leaders have agreed to impose a 15% minimum tax rate on multinational enterprises (MNEs) from 2023 and reallocate $125 billion of profits of the world’s largest companies. 136 countries and jurisdictions agreed upon the landmark deal covering over 90% of global gross domestic product.The deal is supported by OECD and G20 countries, while Kenya, Nigeria, … [Read more...] about World Leaders Agree to 15% Global Minimum Corporate Tax Rate
US Wholesale Trade Slightly Down in September, Inventories Slightly Up
Source: US Census Bureau American wholesale trade sales posted a slight decline, while inventories were marginally up in September. VDC is down 0.10%. Sales of merchant wholesalers stood at $595.5 billion, 1.1% lower than the previous month but 20.6% higher than August 2020’s level.The June to July percentage change was revised to reflect a 2.1% increase versus the … [Read more...] about US Wholesale Trade Slightly Down in September, Inventories Slightly Up
US Nonfarm Payrolls Jump Less Than Expected at 194,000
Source: Bureau of Labor Statistics American Nonfarm Payrolls climbed less than expected in September, with figures remaining above pre-pandemic levels. Total Nonfarm Payrolls jumped by 194,000, lower than the market’s anticipated 500,000.The unemployment rate slipped by 0.4 percentage points to 4.8%, reflecting a decline of 710,000 unemployed persons to 7.7 million … [Read more...] about US Nonfarm Payrolls Jump Less Than Expected at 194,000
