Non-farm payrolls shake up markets, here are the top 3 scenarios of what could happen.
Unemployment in the UK fell to 4.4% in the three months to June from 4.5% recorded in the previous month, better than expectations for stability at the same rate as the previous month. Bringing it to the lowest level over 42 years.
The following are the most important comments from the Westpac chief economist:
Wolfgang Schaeuble, German finance minister made the following statements:
The German Constitutional Court announced today the ECB may violate the monetary financing laws in its asset purchase program of 2.3 trillion euros, and asked the top court in Europe to take a decision on it.
The UK consumer price index rose by 2.6% in July on yearly basis, the same as in June, but didn't match expectations of a 2.7% rise. Also, the core CPI, which excludes food and energy prices rose by 2.4% below expectations of a 2.5% rise.
David Davis, the Brexit minister came out with some comments this morning as following:
By Reuters : Asian stocks bounced on Monday after three straight losing sessions, tracking a firmer Wall Street, while the dollar was capped by tensions on the Korean peninsula and doubts that the Federal Reserve will hike interest rates again this year.
By Reuters : World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from North America and weak OPEC compliance with output cuts, the International Energy Agency said on Friday.
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