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  • Article / 4 hours ago

    3 Numbers: Questions on QE, US jobless, US factory orders

    editor/analyst /
    United States
    3 Numbers: Questions on QE, US jobless, US factory orders
    There’s speculation that the European Central Bank’s monetary easing program is slated to be downsized, even this early in the day, according to some sources. Meanwhile factory orders and jobless claims numbers in the US will be heavily scrutinised today - the jobless claims in particular, as traders seek out more signs of clarity.
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  • Article / 5 hours ago

    Aussie dollar closes in on parity with the Kiwi

    Managing Director / Technical Research Limited
    New Zealand
    Aussie dollar closes in on parity with the Kiwi
    The AUDNZD was last at parity back in the late 1960s, when exchange rates were fixed in both Australia and New Zealand. Both currencies were allowed to float in the early 1980s, and the Aussie dollar has outperformed its Kiwi cousin, helped by the mining boom. But now conditions are right for an attempt at AUDNZD parity.
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  • Squawk / Yesterday at 13:51 GMT
    Head of Macro Strategy / Saxo Bank
    US PMI manufacturing climbs to 55.7 in final March report:

    The final March report from Markit resulted in an upward revision to the headline PMI manufacturing index to 55.7 from 55.3 originally and 55.1 prior. The March reading is the highest in five months.

    The ISM manufacturing report will be out in 10 minutes.
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    Mads Koefoed Mads Koefoed
    ISM manufacturing prints just 51.5 vs. 52.5 expected and 52.9 prior. The new orders and employment indices both decline.
  • Squawk / Yesterday at 10:41 GMT
    Head of Macro Strategy / Saxo Bank
    Irish unemployment declines to 10% in March:

    The Irish economy continues to recovery quickly from its deep recession. Further evidence of this development has come today in the shape of a labour market, which shows that the unemployment rate declined to 10% last month from 10.1% prior and 15% at the peak in February 2012.

    Jobless claims declined by 4,700 to 350,600, the lowest reading since February 2009. Since the peak the number of people getting jobless benefits has dropped by 98,300.

    I expect the Irish economy to grow around 3.5% in both 2015 and 2016 following an increase of 4.8% last year. GDP is currently 3.5% below the peak-crisis peak, but up 9.8% from the trough.
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    Juhani Huopainen Juhani Huopainen
    The nice thing is that the lower unemployment rate is not due to people dropping out of the labour force.