Non-farm payrolls shake up markets, here are the top 3 scenarios of what could happen.
The results of a survey conducted by the BBC for some economists were published. The most prominent of the following were the following:
Michael Saunders, an external member of the Bank of England's Monetary Policy Committee, said in a speech this morning that explaining his vote to raise interest rates. He said there was a need for a modest rate hike so that high inflation would now return to its target of 2% sustainably.
In August, jobs in the US private sector rose by 237,000 jobs, exceeding expectations of only 185,000 jobs. The July reading was revised to 201,000 jobs from 178,000 jobs.
Citi's comments on the impact of Hurricane Harvey on the economy were as follows:
• The hurricane may cause US GDP to slow in Q3 of 2017by about 0.1%, and may be slightly boosted during the Q4 of the same year and un the Q1 of 2018.
Graeme Wheeler, Reserve Bank of New Zealand Governor, said:
• In the absence of major unexpected shocks, the outlook looks promising for continued strong economic growth in New Zealand over the next two years.
Today, British Prime Minister Theresa May will arrive in Japan for trade talks. The trip is scheduled to last for three days and will be accompanied by the Minister of International Trade and a delegation of business leaders from a range of sectors.
Building permits in Australia fell in July for the second time in three months, with the main trend to show sharp fluctuations in construction activity. Building permits fell by 1.7% to 18.299, while expectations were supposed to down by 5.4%. In June, permits rose to highest level in nearly a year of 11.7%. On an annualized basis, building permits declined by 13.9%.
There was a lull in market movements with the start of trading today after a volatile day due to North Korea's provocative actions and the launch of a ballistic missile over northern Japan to fall in the Pacific Ocean. The US ambassador in the United Nations went out to say that the United States would not allow to continue lawlessness caused by Pyongyang.
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