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Cunliffe clarified the BoE will continue to make physical cash available, especially for the 1.2 million unbanked people who cannot access digital payments.
5/6/2021 2:10:07 AM GMT
The greenback traded mixed against its peers on Wednesday due partly to the release of soft U.S. data and investors remained cautious ahead of U.S. jobs report on Friday.
On the data front, Reuters reported U.S. private payrolls rose by 742,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for March was revised higher to show 565,000 jobs added instead of the initially reported 517,000. Economists polled by Reuters had forecast private payrolls would increase by 800,000 jobs in April.
Reuters reported the Institute for Supply Management (ISM) said on Wednesday its non-manufacturing activity index fell to a reading of 62.7 last month from 63.7 in March, which was the highest on record. A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of U.S. economic activity. Economists polled by Reuters had forecast the index rising to 64.3 in April. In oth
Wall Street Aims To Open Positive
WASHINGTON (dpa-AFX) - Early cues from the U.S. Futures Index suggest that Wall Street might open higher on Wednesday. The investor sentiments might be impacted by reaction to the latest economic data, especially private sector employment and service sector activity. Earnings reports also might get special attention.
Activision Blizzard (ATVI), Herbalife (HLF), Lyft (LYFT), Prudential (PRU), T-Mobile (TMUS), and Western Union (WU) are among the companies releasing their quarterly results after the close of today s trading.
As of 8.05 am ET, the Dow futures were adding 89.00 points, the S&P 500 futures were gaining 16.50 points and the Nasdaq 100 futures were progressing 88.00 points.
It is too soon to talk about tapering the Federal Reserve's asset purchases and policymakers will send clear signals to the market when the time comes, Boston Federal Reserve Bank President Eric Rosengren said on Wednesday.