Next Week News

To cut the fuel subsidy bill and reduce the fiscal deficit, the Narendra Modi government on Monday said it would not provide LPG subsidy for consumers with annual income of more than Rs.10 lakh from next month.

more...

Growth momentum in the 33 country-OECD area is set to remain stable, while diverging patterns are in store for major emerging economies, results of a survey showed Monday.

more...

Employment in the U.S. rose by less than expected in the month of January, according to a report released by the Labor Department on Friday, although the unemployment rate still edged lower. The Labor Department said non-farm payroll employment climbed by 151,000 jobs in January.

EURUSD M5: 133 pips range price movement by Non-Farm Employment Change news event:

more...

The rupee has remained flat against global currencies in real terms and some weakening of the currency is required to ensure competitiveness until inflation reaches lower levels, Reserve Bank of India Governor Raghuram Rajan said Saturday. The rupee is actually flat, Rajan said, citing the real effective exchange rate.

more...

The unemployment rate in Australia climbed to 6.0 percent in January, the Australian Bureau of Statistics said on Thursday.

• Employment decreased 7,900 to 11,894,500. Full-time employment decreased 40,600 to 8,185,800 and part-time employment increased 32,700 to 3,708,700.
• Unemployment increased 30,200 to 761,400. The number of unemployed persons looking for full-time work increased 25,600 to 544,100 and the number of unemployed persons only looking for part-time work increased 4,600 to 217,300.
• Unemployment rate increased 0.2 pts to 6.0%.
• Participation rate remained steady at 65.2%.
• Monthly hours worked in all jobs increased 10.9 million hours to 1,656.0 million hours.

more...

India's growth is set to rise to 7.5 percent in the fiscal year 2016-17 from 7.3 percent in the year ending March 31, helped by large terms of trade gain, positive policy actions and reduced external vulnerabilities, the International Monetary Fund said Wednesday.

more...

The Bank of England will not tell people how to vote in the EU referendum in June, Governor Mark Carney said Tuesday.

more...

The European Central Bank delivered more than what markets hoped by cutting its benchmark interest rate to zero and expanding its asset purchases, among other steps, thus braving the risk of further action causing more harm than good for the euro area economy that is battling the prospect of the low energy cost-fueled low inflation getting entrenched amid feeble growth.

more...

German economic growth is set to slow in the second quarter on the back of a stagnation in industrial orders and weaker business expectations, while the pace of expansion in the first three months of the year will likely match or even slightly exceed that seen in the second half of 2015, the Bundesbank said Monday.

more...

Global recovery is continuing but it remains too slow and fragile and the risks to its sustainability are rising, International Monetary Fund Managing Director Christine Lagarde said Tuesday. "The recovery remains too slow, too fragile, and risks to its durability are increasing," Lagarde said in a speech in Frankfurt.

more...