Friday’s US non-farm payroll’s better than expected
Friday’s USA data came out better than expected, official data showed US non-farm payrolls rose by 207,000 in July, above analysts' forecasts for a rise of around 183,000.
Payrolls for May and June were also revised higher by a cumulative 42,000, while the unemployment rate remained at 5 percent, the lowest in 47 months.
Non-farm payrolls are considered an important indicator of the economy's health, and the data may partly determine how the Federal Reserve adjusts monetary policy.
This week we have key data out on Thursday in the way of the US retail sales for July which is expected to show a gain. We also have key data coming from the US in the form of the FOMC rate decision on Tuesday.
Today we see two bits of data out early on from Japan in the form of the Money supply figures for July and the Economy watchers survey for May.
Also this morning, the upper house rejected PM Koizumi's postal savings privatisation bill, causing the yen and the Nikkei to react adversely in volatile trading. PM Koizumi is now expected to dissolve parliament at a formal declaration around 5pm Tokyo time today and is scheduled to hold a press conference at 6.30pm. It is widely expected that elections are likely to be held on September 11.
We have two important economic releases in the UK today, the first is released at 9.30 BST and is the PPI data for July, it is expected that higher oil prices will push input prices up on the month but underlying cost pressures are now starting to ease.
Then also at 9.30 BST we have the ODPM house prices for June, we have seen this slowing month on month and all indicators point to this slowdown continuing, it is also widely expected that the year on year rate will drop below the 5% mark.
Payrolls for May and June were also revised higher by a cumulative 42,000, while the unemployment rate remained at 5 percent, the lowest in 47 months.
Non-farm payrolls are considered an important indicator of the economy's health, and the data may partly determine how the Federal Reserve adjusts monetary policy.
This week we have key data out on Thursday in the way of the US retail sales for July which is expected to show a gain. We also have key data coming from the US in the form of the FOMC rate decision on Tuesday.
Today we see two bits of data out early on from Japan in the form of the Money supply figures for July and the Economy watchers survey for May.
Also this morning, the upper house rejected PM Koizumi's postal savings privatisation bill, causing the yen and the Nikkei to react adversely in volatile trading. PM Koizumi is now expected to dissolve parliament at a formal declaration around 5pm Tokyo time today and is scheduled to hold a press conference at 6.30pm. It is widely expected that elections are likely to be held on September 11.
We have two important economic releases in the UK today, the first is released at 9.30 BST and is the PPI data for July, it is expected that higher oil prices will push input prices up on the month but underlying cost pressures are now starting to ease.
Then also at 9.30 BST we have the ODPM house prices for June, we have seen this slowing month on month and all indicators point to this slowdown continuing, it is also widely expected that the year on year rate will drop below the 5% mark.
posted by Drs Search @ 7:45 AM
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