The Weekly Bottom Line: Services Keep the Economic Engine Humming Along
U.S. Highlights The U.S. economy continued to churn out jobs at a solid pace. Non-farm employment grew by 1.6% over 2019, marking only a slight deceleration from the 1.7% recorded in 2018. The services side of the economy also continued...
Bank of Canada Surveys to Highlight Week Ahead
2020 kicked off with some relief on the domestic Canadian labour market front. A weak run of Canadian economic data for October, and a very soft November employment report had put focus squarely on domestic growth concerns after most of...
Australian Retail Sales a Strong Beat
Australian Retail Sales were released earlier today for the month of November at 0.9% vs 0.2% expected and 0.1% last. Although the data was for November, it does not underscore the strength of the data point. This number is the...
Amazon tells users to uninstall a product that PayPal just paid $4 billion for
Honey co-founders Ryan Hudson and George Ruan. PayPal Amazon has a beef with the start-up PayPal recently acquired, Honey. During the height of the holiday shopping season, the e-commerce giant warned some users that the browser extension could be a...
Manufacturing jobs are ‘tough to fill’ and stand out as the weak spot in the employment picture
In a year that featured otherwise solid job growth, manufacturing stood out as one sector that lagged behind. It’s not that the jobs aren’t there: There were still 477,000 open positions as of October, down less than 5% from the...
Flurry of UK Data Due as Pound Grapples with Rate Cut Risks
It’s a busy data week in the UK, with GDP numbers for November hitting the markets on Monday at 09:30 GMT, before inflation figures on Wednesday and retail sales on Friday. The pound seldom reacts to economic data nowadays, but...
USD/CAD Outlook: Weak US and Upbeat Canada’s Jobs Data Inflate Loonie
The loonie rallied against its US counterpart on disappointing US NFP (Dec 145K vs 164K f/c) and AHE (Dec m/m0.1% vs 0.3% f/c), also being boosted by upbeat Canada’s jobs data (Employment change Dec 35.2K vs 25K f/c; unemployment Dec...
Job market ends 2019 with disappointing 145,000 growth in payrolls
WASHINGTON — The U.S. jobs market ended 2019 on a sour note, with December’s payroll and wage growth missing expectations, according to Labor Department figures released Friday. Nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at...
FTSE Set for Potential Breakout
The FTSE could be the next major stock index to join the global rally after Wall Street hit a fresh record high and the DAX climbed to its best level since 2018 as the German index closed in on its...
Dollar Retreats after NFP Miss, But Loss Limited
Dollar retreats mildly in early US session after non-farm payroll reports missed market expectation. But loss is limited as the set of data was decent even thought not spectacular. Indeed, there is prospect of more Dollar rally once the knee-jerk...
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