The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Japan’s labor demand, inflation and factory output point to firm economic recovery
In August, Japan's core inflation accelerated, industrial output tacked on more than expected, while demand for labor was the highest for more than 40 years. That’s a definite sign of firm momentum in the world's number three economy.
The storm of economic data should spur optimism as for the outlook for surge, although Prime Minister Shinzo Abe's intention to call a snap election has generated some uncertainty over the country’s economic policy.
There was also a sort of uneasiness as for monetary policy after a summary of the Bank of Japan's most recent gathering revealed one board member appreciated an expansion of stimulus because consumer prices are still distant from the key bank’s 2% inflation objective.
Nationwide core consumer price index, including crude products but excluding volatile fresh food prices, ascended 0.7%, matching a median market prediction. It turned to be the eighth straight month of revenues in the index.
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Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
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China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
US Federal Judge stopped TikTok's ban
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
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