Companies struggling to fill jobs ‘should try paying more,’ Fed’s Kashkari says
Companies should try digging in their pockets if they’re looking to find workers for unfilled jobs, Minneapolis Fed President Neel Kashkari said Tuesday. With the unemployment rate falling to its lowest level in 49 years, there are nearly 1 million...
Kudlow says White House looking at infrastructure plan, including energy pipelines, LNG terminals
President Donald Trump’s administration is looking at a multifaceted infrastructure plan, according to top White House economic advisor Larry Kudlow on Tuesday. “We are looking at infrastructure in many different ways,” Kudlow said on CNBC’s “Squawk on the Street.” “I’d...
More Euro Underperformance in Store by Year-End?
Mostly euro-friendly election outcomes, at least in the eyes of investors, and economic data pointing to a strong pickup in economic activity were the factors that rendered the euro the best performing major currency in 2017. Specifically, the common currency...
GBPUSD Outlook: Renewed Brexit Optimism and Upbeat Earnings Data Helped Pound’s 1% Recovery
Cable holds in strong bullish mode in early US trading on Tuesday, following nearly 1% advance in Asia and Europe. Fresh bullish sentiment emerged from optimistic comments about Brexit and boosted by upbeat UK earnings data (Sep ex-bonus 3.2% vs...
UK Inflation and Retail Sales to Briefly Divert Attention from Brexit
The UK will see the release of its latest inflation and retail sales data on Wednesday and Thursday respectively, both at 0930 GMT. While a strong set of prints could support the pound somewhat, the dominant force dictating the currency’s...
Trade war is ‘negative, negative, negative’ for business, investors and consumers, ITC says
The U.S. trade spat with China and other countries is having a negative impact on business decisions and passing on the cost to investors and consumers as a result, the leader of a top trade organization has said. “What I...
EURAUD Flattens after Touching 3-Month Low
EURAUD slipped to a fresh 3-month low earlier today of 1.5574. The price has lost its positive momentum in the longer-term picture as it penetrated the rising trend line to the downside during the previous week. In the short-term, the...
Sterling Surges as Brexit Agreement, Including Irish Backstop, Will be Ready Soon
Sterling rebounds solidly today and there is new wave of buying coming in at early part of US session. Positive news regrading Brexit negotiation is the key driver of the Pound. It’s reported that the Brexit agreement is now closer...
Prudential already has a large footprint in China — the challenge is to grow that, says its CEO
China is committed to opening up its insurance sector just as it’s indicated, but it will be on its own time, said Mike Wells, Prudential Group CEO on Tuesday. “Beijing is saying they have a plan for greater opening, and...
Japan GDP And Aussie Wages Data Due On Wed, Along With China Industrial Production
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