US NFP rose 261k in Oct, unemployment rate rose to 3.7%
US non-farm payroll employment grew 261k in October, well above expectation of 200k. Prior month’s […]
ECB Lagarde: Withdrawing accommodation may not be enough to bring inflation back to target
ECB President Christine Lagarde said in a speech that after increasing interest rates by 200bps, […]
BoE Pill: Interest rates don’t need to rise as high as markets are pricing
BoE Chief Economist Huw Pill told CNBC, “Our current assessment is that we don’t think […]
Eurozone PMI Composite finalized at 47.3, headed for a winter recession
Eurozone PMI Services was finalized at 48.5 in October, down from September’s 48.8, a 20-month […]
NFP in focus, USD/CAD forming head and shoulder top?
US non-farm payroll employment data is the major focus of the day. Markets are expecting […]
RBA downgrades 2023, 2024 growth forecast, raised inflation
In the Statement on Monetary Policy, RBA noted that after a sequence of 50bps and […]
US ISM services fell to 54.4 in Oct, lowest since May 2020
US ISM Services PMI dropped from 56.7 to 54.4 in October, below expectation of 55.2. […]
US initial jobless claims dropped to 217k
US initial jobless claims dropped -1k to 217k in the week ending October 29, slightly […]
BoE hikes 75bps, two doves dissented
BoE raises Bank Rate by 75bps to 3.00%. The decision was made by 7-2 votes. […]
UK PMI services finalized at 21-mth low
UK PMI Services was finalized at 48.8 in October, down from September’s 50.0. PMI Composite […]
ECB Lagarde: we cannot progress at same pace as Fed
ECB President Christine Lagarde said the central bank cannot just mirror Fed’s policy moves. “We […]
Canada employment grew 108k in Oct, unemployment rate steady at 5.2%
Canada employment grew strongly by 108k in October, well above expectation of 11k. Unemployment rate […]