The World Bank trimmed its global growth outlook, citing anemic recovery in major emerging markets, although it suggested that overall growth will improve from last year, underpinned by advanced economies. Global economic growth is forecast to be 2.9 percent this year, instead of the 3.3 percent projected in June, the Washington-based lender said in its bi-annual Global Economic Prospects. "There is greater divergence in performance among ...
Employment in the U.S. increased by much more than expected in the month of December, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment climbed by 292,000 jobs in December. more...
Trading the News: U.S. Non-Farm Payrolls Another 200K expansion in Non-Farm Payrolls (NFP) paired with a meaningful pickup in U.S. wage growth may trigger a short-term selloff in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy in 2016. What’s Expected: Why Is This Event Important: Despite the cautious tone laid out in ...
The total value of retail sales in Australia added a seasonally adjusted 0.4 percent on month in November, the Australian Bureau of Statistics said on Friday - standing at A$24.774 billion. more...
- Euro-Zone Retail Sales to Expand for First Time Since July. - Will Signs of a Stronger Recovery Encourage the ECB to Adopt an Improved Outlook? Trading the News: Euro-Zone Retail Sales A rebound in Euro-Zone Retail Sales may generate a near-term rebound in EUR/USD as signs of a stronger recovery raises the European Central Bank’s (ECB) scope to retain its current policy throughout 2016. What’s Expected ...
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