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The U.K. jobless rate fell to its lowest level since early 2006, while the employment rate hit a record high in the three months ended November, and wage growth remained subdued suggesting more time for the Bank of England to decide on a rate hike. In the three months to November, the ILO unemployment rate was 5.1 percent versus 5.8 percent in the same period the previous year. more...
Consumer prices in New Zealand slid 0.5 percent on quarter in the fourth quarter of 2015, Statistics New Zealand said on Wednesday - marking the largest quarterly decline since 2008. more...
Trading the News: U.K. Jobless Claims Change A 2.8K rise in U.K. Jobless Claims accompanied with another slowdown in wage growth may generate fresh 2016 lows in GBP/USD as it raises the Bank of England’s (BoE) scope to further delay its normalization cycle. What’s Expected: Why Is This Event Important: The recent comments from BoE Governor Mark Carney suggests that the Monetary Policy Committee ...
The Chinese economy grew at the slowest pace in two-and-a-half decades during 2015 amid a manufacturing slump and equity market slowdown, official data to be released on Tuesday may reveal. Gross domestic product likely grew 6.9 percent in 2015, just short of the government's 7 percent target. That would be slower than the 7.3 percent expansion in the previous year. China's stock markets have been largely declining since the start of the ...
China's economic growth slowed unexpectedly in the three months ended December, figures from the National Bureau of Statistics showed Tuesday. Gross domestic product grew 6.8 percent year-over-year in the fourth quarter, slower than the 6.9 percent climb in the third quarter. Economists had expected the growth to remain stable at 6.9 percent. more...
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