Manufacturing downturn 'deepens' as production drop among fastest on record
UK manufacturing hit a steeper slump this month, figures revealed, as production dropped by a rate “one of the fastest in survey history”.
Source: cityam.com
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UK on recession alert after big falls in factory output and house prices
Signs of distress from very different parts of economy will add to Bank of England’s dilemma over interest rates
Source: theguardian.com
NFP Boosts Investor Sentiment, Pressures Dollar and Yields
Investors react favorably to the much-anticipated US Non-Farm Payroll data, sending stock futures soaring while Treasury yields and Dollar weaken. The latest numbers point to a more relaxed labor market, yet with decent job growth, which is what Fed would love to see. Additionally, the slowdown in wage growth suggests some relief for domestic inflation pressures.
Source: actionforex.com
Britain no longer an economic outlier after 'extraordinary' GDP upgrade by ONS
Jeremy Hunt said ‘those determined to talk down the British economy have been proved wrong’
Source: independent.co.uk
London close: Stocks close up as investors mull payrolls
London stocks ended up on Friday as investors bet that the latest US non-farm payrolls will prompt the Federal Reserve to pause on interest rates this month.
Source: sharecast.com