Robust U.S. employment growth expected in March, jobs deficit remains large

© Reuters. FILE PHOTO: Construction workers wait in line to do a temperature test to return to the job site By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push […]

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China, Iran expected to sign 25-year accord, Iranian state media says

© Reuters. China’s Foreign Minister Wang Yi listens to Iran’s Foreign Minister Mohammad Javad Zarif during a meeting at the Diaoyutai state guest house in Beijing DUBAI (Reuters) – Chinese Foreign Minister Wang Yi arrived in Iran on Friday for a visit that Iranian state media said would see the signing of a 25-year cooperation […]

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Tokyo inflation data for March, headline inflation -0.2% y/y (vs. -0.2% expected)

Tokyo inflation data for March – Tokyo area CPI (national level CPI for the month follows in three weeks) Tokyo CPI -0.2% y/y Tokyo CPI excluding Fresh Food -0.1% y/y Tokyo CPI excluding Food, Energy 0.3% y/y Regular reminder – the BOJ target for inflation is 2% (for core inflation) and its a long, long way off.  […]

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Japan data – Core machine orders -4.5% m/m (expected -5.5%) and +1.5% y/y (expected -0.3%)

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UK February CBI trends total orders -24 vs -35 expected

Latest data released by CBI – 19 February 2021 Prior -38 Trends selling prices 3 Prior 4 UK industrial orders rebound in February with output seen stabilising after a sharp drop in January. The headline represents the highest reading since before the pandemic began, so that is some relative comfort. CBI notes that: “Manufacturing activity […]

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Japan PPI for January  -1.6% y/y (expected -1.6%)

Japan data, in brief the PPI shows inflation at a business level.   PPI for January  +0.4% m/m expected 0.4%, prior 0.5% m/m -1.6% y/yData for the ‘domestic final goods prices’ index is released with the PPI, which loosely correlates with CPI: -0.8% y/y    Invest in yourself. See our forex education hub. Let’s block ads! […]

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Japan data – December retail sales -0.8% m/m (expected -0.7%)

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Oil prices touch multi-month highs as OPEC+ expected to cap output

© Reuters. FILE PHOTO: The sun sets behind the chimneys of the Total Grandpuits oil refinery southeast of Paris By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices touched multi-month highs on Monday on expectations OPEC and allied producers may cap output at current levels in February and on hopes that vaccines may curb the spread of […]

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Japan data: Nov Industrial production (flash) 0% m/m (vs. expected +1.1%)

Japan preliminary November Industrial production No change for the m/m expected +1.1% m/m, prior +4.0% y/y is -3.4%  expected -2.3% y/y, prior -3.0%  As part of this the Ministry of Economy, Trade and Industry (METI) publish outlooks as follows: December industrial output is seen at -1.1% m/m January’s at +7.1% m/m   For bank trade ideas, check out […]

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UK data – BRC Shop Price Index for November: -1.8% y/y (expected -1.3%)

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