It's a mixed session at the end of a bearish week on Wall Street, with major U.S. stock averages reacting to conflicting economic data released Friday.
China s top parliament approved a 1 trillion yuan ($137 billion) bond issue, state media reported adding the funds would be spent rebuilding disaster zones and improving infrastructure.
The UK has released “experimental” employment data on Tuesday, replacing the standard labour market survey due to falling response rates. The new reporting format didn’t change the fact that the UK labour market continues to lose steam. The unemployment rate held steady at 4.2%, unemployment rose by 74,000 and the number of employed people fell by 82,000. Last week’s wage growth report showed that wages including bonuses fell from 8.5% to 8.1% y/y for the three months to August, which is still very high and a significant driver of inflation.
UK labour market cools UK Manufacturing and Service PMIs decline The British pound is slightly lower on Tuesday, after climbing 0.68% a day earlier. In th
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