UK Unemployment Report Tuesday [Video]
|The high importance UK unemployment report for November opens this agenda at 9:30 in the morning. The UK Office for National Statistics reported unemployment rate rising slightly to 4.1 percent for the July to September period. Total pay in nominal terms was up by three percent, which is the fastest pace since September of 2015. Then the Euro Zone and German ZEW Surveys for December will be published a half an hour later. German economic sentiment improved slightly in November, but it remained well in the negative territory. The whole bloc’s reading declined to minus 22. US Producer Price Index for November continues the data run at 1:30 PM GMT. According to the Bureau of Statistics, the producer price index for final demand increased by point six percent in October. Over 60 percent of the rise can be traced to a point seven percent increase in the index for final demand services. Australian Consumer Sentiment for December is up next at 11:30 PM. The Wesptac Melbourne Institute index rose by 2.8 percent in November to settle above the 100 line at 101.5. Respondents were much more positive about their own finances and four of the five index components recorded gains. A couple of Japanese reports for October wrap up this calendar, including the Orders Received for Machinery release at ten to midnight. Private sector orders plummeted by more than 18 percent in September. This comes despite excluding volatile orders for ships and those from electric power companies. Tertiary Industry Index for October is the other and the final item for this overview. Services sector took a hit of 1.1 percent in September, wiping out August’s increase of point four percent.
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