The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) dropping to 48.7 from 49.1 in September. This reading came in weaker than the market expectation of 49.5. Other details of the PMI report showed that the Employment Index edged higher to 46 from 45.3 in this period, while the New Orders Index improved to 49.4 from 48.9. Finally, the Prices Pair Index, the input inflation component of the survey, declined to 58 from 61.9. Source: FXstreet
British employers are the most likely among those in major European countries to include salary details when they advertise a job, with 71% doing so compared to just 16% in Germany, research from recruitment platform Indeed showed on Tuesday.The proportion of British job advertisements providing salary details has risen steadily from 48% in 2019 and has also increased elsewhere in Europe, though the gaps between countries have not changed much."The culture around pay secrecy and negotiation is a bigger factor in some countries than others," Indeed economist Jack Kennedy said.Next (LON:NXT)...
U.S. President Donald Trump said on Sunday that he will announce additional 25% tariffs on all steel and aluminum imports into the U.S., and will also announce reciprocal duties over what he sees as unfair trading practices. Speaking to reporters on Air Force One, Trump said he will announce the 25% tariffs on Monday, and will announce the reciprocal tariffs on Tuesday or Wednesday, with both duties to be effective immediately. The president was on his way to the NFL Super Bowl in New Orleans- a route that saw him fly over the Gulf of America, which the president had recently renamed from...
Hundreds of small earthquakes that shook Greece's tourist hotspot of Santorini this week have revived concerns about the safety of a decades-long construction boom along the island's sheer, volcanic cliffs, experts said. No serious damage has been reported, but scientists have warned that the seismic activity could last for weeks and have not ruled out the possibility of a larger quake to come. That worries experts, some of whom have long questioned the sustainability of turning the small island of quaint villages into one of Europe's most popular holiday destinations. "They wanted to...
Nonfarm Payrolls (NFP) in the US rose by 143,000 in January, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 307,000 increase (revised from 256,000) recorded in December and came in below the market expectation of 170,000. Other details of the publication showed that the Unemployment Rate declined to 4% from 4.1%, while the Labor Force Participation Rate edged higher to 62.6% from 62.5%. Finally, annual wage inflation, as measured by the change in the Average Hourly Earnings, rose 4.1%, surpassing the market expectation of 3.8%. Source: FXstreet
The International Monetary Fund on Thursday said it is closely following developments in the U.S., including moves by the Trump administration to halt foreign aid and impose tariffs on China, but it was too soon to offer clear assessments of the impact. The global lender has repeatedly warned countries that protectionist measures, trade restrictions and increased uncertainty could dampen global growth, but IMF spokesperson Julie Kozack said the impact of already announced U.S. tariffs and other measures would depend on the responses of other countries and consumers, along with further trade...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
As the U.S. government shutdown disrupts federal employee paychecks across the country, it also exacerbates the financial hardship of attorneys who represent the poorest members of society when they...