Less Than Expected U.S. Jobless Claims, USD Strengthened Steadily, U.S. Stocks Higher Still, Calm Before NFP Storm

PREVIOUS TRADING DAY EVENTS 31 August 2023 U.S. consumer spending increased and is on track to drive thirdquarter GDP growth. According to the release yesterday, The Real inflationadjusted Personal Consumption Expenditures PCE spending jumped 0.6 in July. Real Disposable Personal Income DPI declined 0.2. Other reports brought to light that there was a decline in […]
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Japans Factory Activity Shrinks, Squeezed by Costs

TOKYO, Sept 1 Reuters Japan39;s factory activity shrank for a third straight month in August, a survey showed on Friday, as manufacturers were squeezed by cost pressures from raw material inflation and rising wages. The yen has come under pressure in recent months, weighed by the Bank of Japan39;s ultraloose monetary policy, which has in turn inflated […]
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