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European Economics Preview: UK Labor Market Data Due

Unemployment from the UK and investor confidence from euro area are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway publishes consumer price data. Economists forecast inflation to remain unchanged at Read More →

World Bank Cuts Global Growth Outlook To 3-Year Low On Trade War Risks

The World Bank downgraded its global growth outlook to the weakest pace in three years, citing downturn in investment and a decade-low growth in trade, amid escalating disputes. Global growth is forecast to ease to 2.6 percent this year, reflecting Read More →

UK Service Sector Expands Most In 3 Months

The UK service sector growth improved more-than-expected to a three-month high in May, but overall private sector activity weakened due to the contractions in manufacturing and construction, survey data from IHS Markit showed Wednesday. The Chartered Institute of Procurement & Read More →

U.S. Private Sector Job Growth Slows Much More Than Expected In May

Private sector employment in the U.S. crept up by much less than expected in the month of May, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment edged up by 27,000 jobs in Read More →

U.S. Service Sector Growth Unexpected Reaccelerates In May

Indicating an unexpected acceleration in the pace of U.S. service sector growth in the month of May, the Institute for Supply Management released a report on Wednesday showing an increase by its non-manufacturing index. The ISM said its non-manufacturing index Read More →

ECB On A Tightrope

The European Central Bank is finding itself in a tight spot as downside risks to Eurozone growth from external events, mainly trade tensions, have increased and inflation in the single-currency bloc sharply slowed, triggering predictions that the bank may re-launch Read More →

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