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British Pay Growth Slows but Labour Market Remains Healthy

Today's Press

  • A Federal Reserve rate hike is very likely to occur before the end of the year or in Q1. But many are still unclear about how the Federal Reserve will raise rates. After all, we're in a new monetary environment in the post-crisis period, thanks to the size of the Fed's balance sheet. I'll try to touch briefly upon this to clarify some concerns.

  • The European Central Bank started a public consultation on proposed rules to standardize the application of European Union banking law in the currency bloc’s 19 member countries.

  • Official figures showed the labour market remained healthy, with the employment rate hitting a record high of 73.7% in the three months to September. Unemployment slipped to 5.3%, the lowest rate since mid-2008, before the collapse of Lehman Brothers triggered a global recession. However, the data also showed that earnings growth, which has helped to lift living standards in recent months, has weakened.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 123.05
  • EURUSD: 1.0735

Indices:

  • S&P 500: 2,081.72
  • NASDAQ : 5083.2


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