Companies added less positions than expected in February, according to a report of the ADP National Employment released Wednesday. Private payrolls grew 117,000 for the month, below the 225,000 forecasted in a Dow Jones poll. It is also lower than the upward revised 195,000 jobs in January.Services drove the net job growth. Trade, transportation, and utilities generated … [Read more...] about US Private Payrolls Disappoint in February
Forex News
U.K. Business Activity Nears Stabilization in February
Business activity in the United Kingdom improved in February to indicate a degree of stability, according to a report by IHS Markit. UK Services PMI Business Activity registered 49.5 in February versus eight-month low of 39.5 in January.The index fell below the 50.0 no-change threshold every month since November 2020 but the decline in service sector output slowed in … [Read more...] about U.K. Business Activity Nears Stabilization in February
U.S Seen to Open 2021 with 10% Economic Growth
The United States’ economy could grow 10% in the first quarter of 2021 after positive data drove estimates higher, according to the forecasting model of the Federal Reserve Bank of Atlanta. GDPNow model estimate for real GDP growth has been upped from the 8.8% forecast on February 26.The upgrades follow the release of the Manufacturing ISM Report on Business from the … [Read more...] about U.S Seen to Open 2021 with 10% Economic Growth
U.K and Germany Trades Post Highest Declines Since 2009 Financial Crisis
German exports to Britain declined 30% in January mainly due to its exit from the European Union, according to preliminary estimates released by the Federal Statistics Office. The latest drop is nearly twice the 15.5% drop in 2020, the highest year-on-year decline since the financial crisis in 2009 when exports fell 17.0%.Exports amounted to 67 billion euros to mark the … [Read more...] about U.K and Germany Trades Post Highest Declines Since 2009 Financial Crisis
Over 29% of London Population Estimated To Have COVID-19 Antibodies
Nearly a third of London residents or 29% are likely to test positive for the antibodies of COVID-19 indicating the rapid spread of the U.K strain of the disease in February, according to a report. Findings of the Office for National Statistics cover the 28 days to Feb. 11, up from one in every five people in the city who tested positive in the January. This is the highest … [Read more...] about Over 29% of London Population Estimated To Have COVID-19 Antibodies
