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UK Service Sector Contracts More Than Estimated In December

The UK service sector contracted more than initially estimated at the end of 2020 with the downturn overwhelmingly linked to business disruptions, restrictions on trade and temporary closures due to the Covid-19 pandemic, final survey data from IHS Markit showed Read More →

U.S. Private Sector Employment Unexpectedly Drops For First Time Since April

With the impact of the coronavirus pandemic on the labor market intensifying, payroll processor ADP released a report on Wednesday showing an unexpected drop in private sector employment in the U.S. in the month of December. ADP said private sector Read More →

U.S. Factory Orders Jump 1.0% In November, More Than Expected

A report released by the Commerce Department on Wednesday showed new orders for U.S. manufactured goods increased by more than expected in the month of November. The Commerce Department said factory orders surged up by 1.0 percent in November after Read More →

Fed Minutes Point To Discussion About Weighting Asset Purchases Toward Longer Maturities

The minutes of the Federal Reserve's latest monetary policy meeting showed there was some discussion about weighting the central bank's purchases of Treasury securities toward longer maturities.Original Article Read More →

Dollar Drifts Lower

The U.S. dollar weakened against other major currencies on Tuesday, ahead of Georgia's runoff elections, which will determine whether Republicans or Democrats control the U.S. Senate - and with it, the likely fate of President-elect Joe Biden's legislative agenda.Original Read More →

European Economics Preview: Germany Retail Sales, Unemployment Data Due

Retail sales and unemployment figures from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is slated to issue Germany's retail sales and unemployment data. Sales are forecast to fall Read More →