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POPULAR NEWS
Gold Set for Best Week Since `16 as Inflation Picks Up

Gold heads for biggest weekly advance since April 2016 as U.S. inflation creeps up and dollar slumps. Bullion for immediate delivery added 0.1% to $1,354.48/oz by 9:59am in Singapore; rose 2.9% this week, according to Bloomberg generic pricing. Price hit $1,366.15 in January, highest intraday since Aug. 2016 Bloomberg Dollar Spot Index little changed Fri.; lost 1.8% this week, worst performance since April 2016. Yield on 10-Year Treasuries weakened 1 bp to 2.90%...

Trump Vows to Push for School Safety

U.S. President Donald Trump on Thursday vowed to "tackle the difficult issue of mental health," and to make school safety "our top priority." But he left gun control advocates frustrated by making no mention of the issue in reacting to the latest mass killing at an American school. One day after a 19-year-old man with a high-powered semi-automatic rifle killed at least 17 people at the Marjory Stoneman Douglas High School in Broward County, Florida, Trump acknowledged he was speaking "to a...

Gold Set for Best Week Since 2016 on Dollar Slump

Gold gains a fifth day, heading for biggest weekly advance since April 2016 as the dollar weakens and U.S. inflation creeps up. Bullion for immediate delivery +0.6% to $1,361.61/oz in London. Price +3.4% this week, reaching 3-week high. Bloomberg Dollar Spot Index -2% this week, touching 3-year low. In other precious metals, Silver +0.4% to $16.9305/oz. Source : Bloomberg

Oil Set for First Weekly Gain This Month as U.S. Dollar Weakens

Oil headed for a weekly gain after the greenback fell to trade near a three-year low, making commodities priced in U.S. dollars more attractive to investors. Futures in New York rose as much as 0.4 percent Friday after adding 1.2 percent in the previous session. The greenback was little changed Friday after falling to its lowest level since December 2014 on Thursday, making it cheaper for overseas investors to buy U.S. benchmark crude. American equities capped their best five-day...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. April gold was up $1.80, or 0.1%, to $1,357.10 an ounce. It fell modestly Thursday after a settlement at $1,358 Wednesday, marking its highest level in nearly three weeks. Spot gold has risen 3.2% so far this week, putting it on track for its biggest weekly rise since April...

U.K. Unemployment at 42-Year Low Fails to Spur Wage Pickup
Wednesday, 13 September 2017 16:05 WIB | ECONOMY |Ekonomi inggrisUK Unemployment

For British workers, the lowest jobless rate in more than four decades isn't enough to maintain their standard of living.

Basic wages rose an annual 2.1 percent in the three months through July, unchanged from the second quarter and below market forecasts, Office for National Statistics figures Wednesday showed. Pay fell 0.4 percent when adjusted for inflation, which is now running just shy of 3 percent.

The figures underscore the dilemma facing Bank of England policy makers over when to raise interest rates. Those arguing to keep the benchmark at a record low point to the growing strain on consumers from the sterling-driven surge in prices.

That pressure comes against a backdrop of record employment and growing skills shortages. The jobless rate fell to 4.3 percent, the lowest since 1975 and below the BOE's equilibrium rate.

Governor Mark Carney said that œan element of Brexit uncertainty is preventing firms from awarding bigger wage increases. Other explanations include poor productivity and companies clamping down on wages to offset rising import costs.

The squeeze has taken a toll on living standards, especially for public-sector workers, who have experienced a 1 percent cap on salary increases as part of stringent austerity since 2010. 

Prime Minister Theresa May said this week that the government will relax the cap for police and prison officers but Trades Union Congress General Secretary Frances O'Grady responded by demanding œa pay rise across the board for Britain's 5 million public-sector workers.

The number of people in work surged 181,000 to 32.1 million in the latest three months, the biggest increase since the end of 2015. Unemployment fell 75,000 to 1.46 million, the steepest drop in two years. Inactivity also declined sharply.

Total pay including bonuses rose 2.1 percent, the same as in the second quarter, with pay in July alone growing just 1.4 percent, the ONS said. Adjusted for inflation, it fell a three- monthly 0.4 percent. 

Bets on the Bank of England increasing interest rates increased this week after inflation climbed to 2.9 percent in August, matching the highest pace in four years. Traders are now largely pricing in a hike by the end of 2018, though some economists remain unconvinced. 

At Bloomberg Intelligence, Dan Hanson and Jamie Murray expect Brexit uncertainty to increasingly weigh on growth and the labor market, leading the BOE to keep rates on hold until 2019. 

There were some signs of weakness in the latest figures, with vacancies in the economy falling by 7,000 in the quarter.

 

Source : Bloomberg

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POPULAR NEWS
Gold Set for Best Week Since `16 as Inflation Picks Up

Gold heads for biggest weekly advance since April 2016 as U.S. inflation creeps up and dollar slumps. Bullion for immediate delivery added 0.1% to $1,354.48/oz by 9:59am in Singapore; rose 2.9% this week, according to Bloomberg generic pricing. Price hit $1,366.15 in January, highest intraday since Aug. 2016 Bloomberg Dollar Spot Index little changed Fri.; lost 1.8% this week, worst performance since April 2016. Yield on 10-Year Treasuries weakened 1 bp to 2.90%...

Trump Vows to Push for School Safety

U.S. President Donald Trump on Thursday vowed to "tackle the difficult issue of mental health," and to make school safety "our top priority." But he left gun control advocates frustrated by making no mention of the issue in reacting to the latest mass killing at an American school. One day after a 19-year-old man with a high-powered semi-automatic rifle killed at least 17 people at the Marjory Stoneman Douglas High School in Broward County, Florida, Trump acknowledged he was speaking "to a...

Gold Set for Best Week Since 2016 on Dollar Slump

Gold gains a fifth day, heading for biggest weekly advance since April 2016 as the dollar weakens and U.S. inflation creeps up. Bullion for immediate delivery +0.6% to $1,361.61/oz in London. Price +3.4% this week, reaching 3-week high. Bloomberg Dollar Spot Index -2% this week, touching 3-year low. In other precious metals, Silver +0.4% to $16.9305/oz. Source : Bloomberg

Oil Set for First Weekly Gain This Month as U.S. Dollar Weakens

Oil headed for a weekly gain after the greenback fell to trade near a three-year low, making commodities priced in U.S. dollars more attractive to investors. Futures in New York rose as much as 0.4 percent Friday after adding 1.2 percent in the previous session. The greenback was little changed Friday after falling to its lowest level since December 2014 on Thursday, making it cheaper for overseas investors to buy U.S. benchmark crude. American equities capped their best five-day...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. April gold was up $1.80, or 0.1%, to $1,357.10 an ounce. It fell modestly Thursday after a settlement at $1,358 Wednesday, marking its highest level in nearly three weeks. Spot gold has risen 3.2% so far this week, putting it on track for its biggest weekly rise since April...

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