Europe: Euro-Area Factories Feed Best Growth Spell for Economy in Years Surging demand for ‘Made in the Euro Area’ goods is feeding an economy that is creating jobs and finally also seeing price growth accelerate. A Purchasing Managers’ Index for manufacturing rose to 57.4 in August from 56.6 in July, according to IHS Markit. That’s
Sagicor Group Jamaica Limited (SJ) has advised that two related parties purchased a total of 89,159 SJ shares during the period August 14 to 17, 2017.
Europe: U.K. Sees First July Budget Surplus Since 2002 on Tax Boost Britain posted its first July budget surplus in 15 years last month as payments of self-assessed income tax poured in. Revenue exceeded spending by 184 million pounds ($240 million) compared with a deficit of 308 million pounds a year earlier, the Office for
According to the Bureau of Labour Statistics, “Unemployment rates were higher in July in 3 states, lower in 1 state, and stable in 46 states and the District of Columbia,” while the national unemployment rate was 4.3%, 0.6% lower than in July 2016. The Bureau reported that, “nonfarm payroll employment increased in 11 states and
MIL has advised that a connected party purchased 20,000 MIL shares on August 18, 2017.
Europe: Euro Pressured as Volatility Rises on Jackson Hole, FOMC Meeting The euro started the week on a defensive footing amid thin flows as the market’s focus remained fixed on the central bankers’ summit at Jackson Hole, Wyoming later this week, which has kept intact demand for long-volatility trades. Even as odds have diminished that
Cable Bahamas Limited (CAB) has advised of a delay in the submission of its fourth quarter unaudited financial statements. This delay is due to the recent change in the Company’s financial year and the estimated audit completion date. CAB has further advised that it intends to submit the financial statements no later than September 15,
Getting to the core of global inflation Stock markets have spent the year rising on bets of a resurgence in inflation, while central bankers trying to manage the global economy have spent the same time repeatedly reassuring everyone it's just around the corner. Policymakers gathering at an annual monetary retreat in Jackson Hole, Wyoming in
The inflation rate for the month July 2017 was 0.6 %, following an upward movement of 0.7% in June 2017. The division which recorded the highest movement for the month was ‘Food and Non-Alcoholic Beverages’ with a 1.2% growth. STATIN reported that the prolonged effect of the flood rains in mid-May continued to impact agricultural
U.S.: U.S. jobless claims drop to near six-month low The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labour market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio. Labour market strength
