American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
Japan wages are seen ascending 2%-2.5% in spring
Japanese wages are expected to soar by 2%-2.5% at next spring's annual talks, falling short of Prime Minister Shinzo Abe's objective of 3%, as market experts surveyed by Reuters forecast.
Abe's government is actually considering tax incentives as well as other means to encourage Japanese companies to have wages lifted by 35, hoping customers will spend more, thus accelerating Japan's stubbornly low inflation.
This year, key Japanese companies, negotiating with labor unions every spring for the purpose of agreeing on a wage lift, increased wages an average 1.98%, according to Rengo, the country’s number one labor federation.
Japanese companies are actually sitting on piles of money from firm earnings, although they’re reluctant to lift fixed costs, including wages. It’s because they’re worried about Japan's decreasing population.
They’re also eager to have a huge cash buffer at hand in case of an international political or financial downtime.
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…