Source: Bureau of Labor Statistics US nonfarm labor productivity in the business sector slumped 5.2% in the third quarter, the largest decline since the second quarter of 1960. SPY is up +1.86%, DXY is up +0.17%. From the prior year, nonfarm labor productivity was down by 0.6%.The falls in nonfarm labor productivity happened amid an overall 1.8% jump in output while the … [Read more...] about US Nonfarm Labor Productivity Falls by the Largest in 61 Years in Q3 2021
Forex News
Economy, Employment in Eurozone and EU Up for Second Straight Quarter
Source: Eurostat Economic and employment in both the Eurozone and the European Union climbed for the second straight quarter in the July to September period. EZU is up 1.31%, while VGK is up 3.20% premarket. The Eurozone economy expanded by 2.2% in the third quarter compared with the previous quarter, unchanged from the three months earlier.The latest figure marks the … [Read more...] about Economy, Employment in Eurozone and EU Up for Second Straight Quarter
China’s Exports Grow by 22% Year-on-Year in Nov, But Lose Momentum
Source: National Bureau of Statistics of China China’s exports growth lost steam in November, attributable to a strong yuan, slowing demand, and higher costs, but imports unexpectedly grew. CSI 300 up +0.60%, CNY USD up +0.13% Exports grew by 22% year-on-year in November, remaining slower than the 27.1% increase in the prior month.Imports rose 31.7%, surpassing the 19.8% … [Read more...] about China’s Exports Grow by 22% Year-on-Year in Nov, But Lose Momentum
UK House Prices Claim a 15-Year High in November
Source: Halifax The UK posted an average house price of £272,992 in November, a record high and an increase of 1.0% from the previous month. FTSE 100 is up +1.24%, GBPUSD is down -0.04%. On a quarterly basis, UK house prices rose by 3.4% from the prior year, while the annual gain was 8.2%. Annual house price inflation was at 9.1% for first-time buyers, compared to … [Read more...] about UK House Prices Claim a 15-Year High in November
US Consumers Less Upbeat as Confidence Falls in November
Source: The Conference Board The index of consumer confidence in the US was at 109.5 in November, a decline from 111.6 posted the previous month. SPY is up +0.90%, DXY is up 0.25%. Consumers’ assessment of current conditions in the labor market and business also fell with the index at 142.5 in November, from 145.5 the previous month.Consumers’ expectations edged lower, … [Read more...] about US Consumers Less Upbeat as Confidence Falls in November
