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  • Editor’s Picks / 3 hours ago

    US jobless claims fall to near 42-year low

    The number of Americans filing new applications for jobless benefits fell more than expected to a near 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring, Reuters reports.The data released on Thursday provides a more upbeat check on the health of the labour market after last week's monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of this year. Hitting such a historical low is remarkable considering the US workforce has grown considerably since the 1970s.
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  • Calendar event / 4 hours ago

    CA Housing Starts

    Med Annual Rate
    Med Housing Starts, M/M%
  • Article / 4 hours ago

    China back from holiday just as Germany slips

    Director / Accumen Management
    United Kingdom
    China back from holiday just as Germany slips
    Which China bounced back into business today by adding a zippy 3% to the Shanghai Composite index, things are quieter elsewhere as markets await tonight's release of Fed minutes. But anyone who expects any great revelations will surely be disappointed.
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  • Editor’s Picks / 4 hours ago

    Bank of England holds tight as inflation wanes

    The Bank of England kept interest rates on hold today, stating that the UK economy is enduring "international pressures" that have weakened the near-term outlook for inflation since August. According to the bank's monetary policy committee, price growth now appears "likely to remain below 1% until spring 2016", leading to the group voting 8-1 to keep the benchmark rate at its current level of 0.5%. According to Bloomberg, the committee remain somewhat divided on whether to emphasise domestic or international factors, a discussion that will receive a fuller analysis at the bank's November meeting. The GBP fell slightly on the news and now trades at 1.5310 to the USD:
    Read article on Bloomberg
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