Source: ADP Private sector employment in the United States grew by a four-month high in October, driven mainly by services amid the winding down of the COVID-19 delta wave. Private sector employment grew by 571,000 jobs in October, higher than the 523,000 jobs in September and the 422,000 recorded a year ago.The latest reading is the highest in four months since private … [Read more...] about Private Sector Employment Growth Hits Four-Month High in October
Forex News
EU, Euro Area Unemployment Continue Decline in September
Source: Eurostat Unemployment in both the Eurozone and the European Union continued to decline in September, according to the latest data released by the statistical office. IEUR is flat premarket. The Euro area seasonally-adjusted unemployment rate stood at 7.4%, down from 7.5% the previous month, and 8.6% a year ago.The unemployment rate in the European Union was 6.7%, … [Read more...] about EU, Euro Area Unemployment Continue Decline in September
Time To Taper Bonds Smoothly, Not Rate Hikes, Says Powell
Source: Bloomberg. The Federal Reserve is largely expected to announce the reduction of asset purchases at the end of its policy meeting Wednesday. DXY down -0.06%, EUR USD up +0.03% The Federal Open Market Committee is highly likely to hold rates near zero after a two-day policy meeting and announce a $15 billion monthly reduction in bond purchases from the current $120 … [Read more...] about Time To Taper Bonds Smoothly, Not Rate Hikes, Says Powell
UK Services Sector Posts Three-Month High With Restrictions Eased
Source: IHS Markit Service providers in the United Kingdom posted a three-month high in terms of business activity growth in October, driven by the reopening of the economy and easing of restrictions. EWU is flat premarket. The headline seasonally adjusted IHS Markit/CIPS UK Services PMI Business Activity Index stood at 59.1 in October, up from September’s 55.4.The latest … [Read more...] about UK Services Sector Posts Three-Month High With Restrictions Eased
Boost of Global Vaccination Would Ease Inflation, Says IMF Chief
Inflation is expected to tame down should global vaccination pick up, International Monetary Fund Managing Director Kristalina Georgieva said, Bloomberg reports. Georgieva said the vaccination program should be boosted to ensure that production steps up, and divergence will drive more unrest.The IMF official said supply constraints are expected to persist until … [Read more...] about Boost of Global Vaccination Would Ease Inflation, Says IMF Chief
