British unemployment is falling to its lowest levels and fails to spur wages to rise

British unemployment fell to lowest level is 42 years of 4.3% in the three-month to July, it is the lowest reading since 1975, from a previous 4.4%. Employment levels rose by 181,000 jobs in the last three months to 32.1 million, the strongest since the last quarter of 2015, with employment rate rising to new record highs of 75.3%.

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Harper: Economic growth isn't strong enough to raise interest rates

Ian Harper, a member of the Reserve Bank of Australia board, made the following statement:

• Economic growth is not strong enough to raise interest rate.
• Australian dollar gains driven by weakness of the US dollar.

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The British government is passing the first parliamentary test on Brexit

The British government's attempt to extract the UK from the EU law passed the first parliamentary test, and the MPs supported the law of withdrawal from the EU by 326 votes to 290 votes rejected the law under criticism of that law represents grab power by ministers.

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Barkindo: It is clear that the oil market rebalancing process is underway

Mohamed Barkindo, Secretary General of OPEC, made the following statement:

• The cut-off deal helps to rebalance world oil markets.
• The process of rebalancing markets is underway and supported by commitment

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Keqiang: Structural reforms are the way for nations to support growth

Christine Lagarde, director of the International Monetary Fund in Beijing and heads of international organizations including Jim Yong Kim, World Bank President, meets with Chinese Premier Keqiang.

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Coeure : Monetary policy will remain accommodative for a long time

Benoit Coeure, member of the Executive board of the ECB, said:

• Monetary policy will remain accommodative for a longer period.
• The confidence and stimulus in monetary policy will probably be at least partially

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The Canadian economy adds jobs for the 13th month in a row in August

Canadian jobs rose by 22.2 thousand jobs in August, slightly stronger than expectations for a mere 19,000 jobs, following the addition of 10.9 thousand jobs in July.

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Weidmann: Uncertainty about the path of inflation behind the ECB's decision to wait

Jens Weidmann, Governor of the Bundesbank and member of the Board of Governors of the ECB, said:

• The slowdown in inflation and uncertainty about the path of inflation was behind the ECB's decision yesterday to wait and assess the monetary policy
• The ECB proposes extending the maturity of Euro zone bonds if the issuing country has applied for rescue money

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