• Strong ris e in business activity, but rate of growth eases since July • Payroll numbers increase further in August • Input cost inflation picks up from July’s 15-month low Service providers indicated another month of strong output and new business gains in August, highl ighting an ongoing …
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US Service Sector Maintains Sharp Pace of Expansion in August
On August 27, a Chinese TV show called Market Wired Shenzhen on the Shenzhen City Finance & Life channel aired a twenty minute investigative report on the operations of the broker, IronFX in China. The journalist said his investigation had found out that IronFX didn’t have the permit to execute…
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IronFX Grilled on Chinese TV by Affiliates, Criminal Fraud Investigation Filed on Air
The U.S. trade deficit narrowed in July to its lowest point in six months as exports rose to a record high, supporting views of sturdy economic growth in the third quarter. The Commerce Department said on Thursday the trade gap fell 0.6 percent to $40.5 billion, the lowest since January. June’s t…
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U.S. trade deficit smallest in six months on rising exports
Applications (INJCJC) for unemployment benefits in the U.S. were little changed last week as an improving economy prompted businesses to retain staff. Jobless claims rose by 4,000 to 302,000 in the week ended Aug. 30, a Labor Department report showed today in Washington. The median forecast of 4…
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Jobless Claims in U.S. Little Changed as Firings Dwindle
Canada’s merchandise exports increased 1.4% in July, while imports edged down 0.3%. As a result, Canada’s trade surplus with the world widened from $1.8 billion in June to $2.6 billion in July. Exports rose to $45.5 billion, led by motor vehicles and parts. Overall, volumes increased 1.1% and…
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Canadian international merchandise trade, July2014
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total June exports of $195.9 billion and imports of $237.4 billion resulted in a goods and services deficit of $41.5 billion, down from $44.7 billion in May, revised. June exp…
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U.S. International Trade in Goods and Services July 2014
Nonfarm business sector labor productivity increased at a 2.3 percent annual rate during the second quarter of 2014, the U.S. Bureau of Labor Statistics reported today, as hours increased 2.6 percent and output increased 5.0 percent. (All quarterly percent changes in this release are seasonall…
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US Productivity and Costs, Second Quarter 2014, Revised
Private sector employment increased by 204,000 jobs from July to August according to the August ADP National Employment Report. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP, a leading global provider of Human Capital Management …
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ADP: Private Sector Employment Increased By 204,000 Jobs i n August
The European Central Bank unexpectedly cut interest rates at today’s decision to spur economic growth and stave off the threat of deflation. The ECB’s 24-member Governing Council meeting in Frankfurt reduced all three of its main interest rates by 10 basis points. The benchmark rate is now 0.05 …
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ECB Unexpectedly Cuts Interest Rates as Outlook Darkens
Planned job cuts announced by US-based employers totaled 40,010 in August, a 15 percent decline from the 46,887 planned layoffs reported in July, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The August total was 21 percent lower …
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Challenger: US Companies Announce 40,010 Job Cuts
Wall Street will receive several clues on Thursday as to whether the U.S. has extended its best stretch of job creation since 2006. The main event, data from ADP, is expected to show the economy added around 230,000 jobs last month in the private sector. As the nation’s largest payroll-processing…
The Bank of England kept its key interest rate at a record-low today after persistent weakness in inflation and wage growth reinforced the case for keeping emergency stimulus. The Monetary Policy Committee’s decision also came against a backdrop of a weakening euro-region economy and tensions wi…
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Bank of England Keeps Record-Low Rate on Weak Inflation
Plans to launch an asset-backed securities (ABS) and covered bond purchase programme worth up to 500 billion euros are on the table at Thursday’s European Central Bank policy meeting, people familiar with the discussions say. ECB President Mario Draghi will likely announce such a programme at his…
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ECB looking at launching ABS program worth €500bn
BREAKING
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ECB discussing ABS/covered bond purchase plan at today’s meeting: sources
The following are the expectations for today’s ECB meeting as provided by the economists at Goldman Sachs and 15 other major banks. Goldman: Although our European Economics team does not expect any move on policy rates at tomorrow’s policy meeting, we would not go against the recent build-up of…
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What To Expect From ECB?: Views From Goldman and 15 Other Banks
Traders are preparing themselves for what could be a volatile day. If the equity markets are moving on swings in the Ukrainian geopolitics, the forex markets are fixated on what Mario Draghi and the ECB will do today. Wall Street closed with a slight consolidation (although the NASDAQ closed around…
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Upside potential is strong on AUD/NZD
Mark Carney’s majority at the Bank of England will probably hold its ground today as risks to the recovery and low inflation press the case to keep record-low interest rates. All 49 economists in a Bloomberg News survey forecast the nine-member Monetary Policy Committee will keep the benchmark r…
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Carney Seen Winning Low-Rate Battle on U.K. Risk Case
JPMorgan Chase & Co. (JPM)’s own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to reroute data stolen from the bank to a major Russian city, according to people familiar with the probe. Like street magicians using sleight…
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Computers for Hire Said to Send JPMorgan Data to Russia
August Eurozone Retail PMI® figures from Markit pointed to a deepening downturn in consumer spending within the currency union. Retail sales decreased for the second month running and at the fastest rate since April 2013 as Germany posted its first, albeit marginal, reduction in trade for 16 months….
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Eurozone retail sales fall at fastest rate in 16 months
