Jovana Pribic

US job creation beat the consensus, but jobless rate held steady in August

On Friday the August employment rate showed better than expected readings from non-farm employment change that came at 201k, as opposed to the expected 191k. The data was higher than the consensus and better than the estimate provided last Thursday by ADP report, indicating 163k positions. However, the jobless rate came with a surprise, holding […]

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US unemployment claims at the lowest level since 1969, but ADP nonfarm payroll below economists’ expectations

Yesterday investors were eager to find out the most recent numbers regarding the unemployment claims coming from the United States of America, and the results were not disappointing. As per the readings, the number of US citizens that have applied for the unemployment benefits is at its lowest level since December 1969, where the claims

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Australia’s economic growth fastest in the last 6 years; trade war still casting a shadow over euro zone growth

On Wednesday we had a vast of important macro-economic releases, where the day started with the Australian GDP numbers, which have passed all the expectations where the economic growth was 0.9%, as opposed to the expected 0.7%. As Reuters have reported, the rapid population growth has increased the housing demand and infrastructure, as well as

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Japan manufacturing PMI rises, while UK and Eurozone face a slowdown

On Monday among the most important macro-economic news releases were the manufacturing PMI of Japan, UK and EU, as well as the retail sales figures coming from Australia. The morning started with disappointing news from Australia, where the retail sales dropped in July, having the weakest result since March this year. The forecasted percentage growth

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US President Trump doubles tariffs on steel and aluminum for Turkey, sending Turkish lira to extended losses

On Friday, President Trump has added yet another country to his list of increased steel and aluminum tariffs, and this time it is Turkey. As per Trump’s tweet last Friday, he has announced that Turkish-American relations are ‘not good at this time’ and has doubled the tariffs, thus the tariff on steel will rise 5o

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European Central Bank bulletin reveals increased risks to global growth

In its regular economic bulletin, the ECB has stated on Thursday that there is an increased risk towards global growth due to the threat coming from the higher US tariffs towards Europe, as well as the possible retaliation of the affected countries. This view is in line with the policy statement published in July. Furthermore,

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US President Trump imposes new sanctions on Iran and threatens anyone doing business with the country

Despite the appeals from the Washington’s allies, the United States President Donald Trump has kept his intentions and had imposed new sanctions to Iran, as Reuters had reported. Furthermore, he has promised that companies that are doing business with Iran will be banned from the United States. The cause of the move was the Iranian

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