Recent data on Britain’s labour market from the Recruitment and Employment Confederation and KPMG paints a concerning picture. The survey reveals a notable decrease in job placements, marking the fastest pace in five months. Additionally, the growth in starting pay for permanent staff has slowed down to a five-month low. These trends indicate a cooling
The recent trends in Non-Farm Payrolls (NFPs) have raised concerns among investors and analysts. While initially appearing strong, the anticipated buying squeeze was short-lived, leading to a shift in rate cut probabilities. Despite the mention of a 50 basis points (bp) cut possibility by Waller, the actual odds remained at a mere 30%, even after
The Egyptian economy has been facing challenges with inflation for quite some time now, and the situation seems to be worsening. Despite forecasts suggesting a decline in inflation for the sixth consecutive month in August, some analysts are wary of the impact of government-led price hikes. The government, in an effort to battle a significant
The Reuters poll suggests that inflation trends are expected to ease in the coming months, with headline YoY inflation anticipated to decrease to +2.6% from +2.9% in July. Similarly, core inflation is predicted to remain at +3.2%, indicating stability in the inflation rate excluding energy and food components. The consecutive months of softening data raise
In a recent development, France has requested an extension from the European Commission for submitting a plan to reduce its public deficit. The country is facing the possibility of seeing its budget deficit increase unexpectedly if additional savings are not identified. This situation has led to France being put into EU disciplinary proceedings and has
The US Aug payrolls saw an increase of 142k, according to the latest data. This has important implications for the USD/JPY pairing. The Michigan Consumer Sentiment Index is also expected to rise from 67.9 in August to 68.0 in September, indicating a potential boost in consumer confidence and spending. These factors may influence the demand
U.S. Treasury Secretary Janet Yellen recently hinted at her future plans after President Joe Biden’s term ends in January. During the Texas Tribune Festival in Austin, Texas, Yellen mentioned that she is “probably done” serving at the highest levels of government, but left some room for ambiguity by saying, “we’ll see.” This comment marks a
Over the weekend, thousands of individuals in France took to the streets in protest of President Emmanuel Macron’s recent decision to appoint Michel Barnier, a center-right figure, as prime minister. This move has sparked outrage from left-wing parties who have accused Macron of manipulating legislative elections to his advantage. Macron’s choice of Barnier follows a
The influx of exchange-traded fund inflows has already surpassed monthly records in 2024. Analysts are now looking towards the money market fund boom as a potential influencer of ETF inflows before the year concludes. Nate Geraci, the president of The ETF Store, emphasized the impact of the $6 trillion stashed in money market funds, describing
The beloved Elizabeth Street Garden in lower Manhattan faces the threat of becoming a casualty in New York City’s push to develop more housing. Despite opposition from celebrities like Robert De Niro and Martin Scorsese, the city has proposed a 123-unit affordable housing project for seniors on the one-acre plot. Alternative sites nearby have been
The dream of a U.S. manufacturing renaissance has been a recurring topic in political discourse in recent years. Both the Trump and Biden administrations have proposed ambitious plans to revive the fading industrial strength that once defined the American economy. However, the reality paints a different picture. U.S. manufacturing has been on a gradual decline
Thailand’s newly elected Prime Minister Paetongtarn Shinawatra has announced her government’s intention to kickstart the economy immediately. Following a special cabinet meeting to prepare policies, she is set to present her plans at a parliamentary meeting next week. Paetongtarn plans to continue the policies of her predecessor, with some adjustments, focusing on debt restructuring, support