Non-farm payrolls shake up markets, here are the top 3 scenarios of what could happen.
The opposition Labor Party supports Britain to remain within the single Market and the European Customs Union during the transitional period after Britain leaves the European Union. The party spokesman said they would seek to maintain the same basic conditions as the European Union, including freedom of movement beyond March 2019, when Britain leaves.
Boris Johnson, the British Foreign minister, made the following statement:
• We should not pay more or less of our legal obligations.
The final reading of Germany's gross domestic product (GDP) has released today, which confirmed that euro zone's largest economy grew by 0.6% in the second quarter of 2017, and that was the fastest pace of economic growth since 2014.
The consumer price index rose in July for the seventh month in a row, and the core index maintained its rising on a steadily upward path. A sign that the third largest economy in the world recovering. With the core CPI rising, excluding fresh food prices by 0.5% on yearly basis in July.
Initial jobless claims rose slightly to 234,000 in the week ending Aug. 19 from 232,000 in the previous week. The reading was lower than expectations, which indicated a rise to 238K applications, and today's reading is the second lowest week since May.
Esther George, Governor of the Federal Reserve in Kansas, made the following statement:
• I support a federal budget cut sooner rather than later.
• Moving too slowly involves the risk of pushing the unemployment rate below sustainable rate and causing recession.
The second reading of UK's GDP grew by 0.3% in the second quarter of 2017, unchanged from the preliminary reading to match market expectations. Also, the year-on-year reading remained unchanged at 1.7% as forecasted.
New Zealand's trade surplus narrowed to NZ$85 million in July from NZ$246 million in the previous month, while market expectations showed a trade deficit of NZ$200 million.
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