Tepid UK wage growth may end calls for early BoE hike

February 17, 2016

A herder is seen between a caravan of camels, roped to each other tail-to-mouth, which haul blocks of salt from desert mines up the winding tracks for sale in Ethiopia's Afar highlands, March 7, 2007. The mysterious kidnapping of five Europeans and eight locals has put the international spotlight on a remote, barren and searingly hot corner of Ethiopia left behind by the modern world. The Afar region's 1.4 million inhabitants -- mainly nomads -- occupy one of the earth's harshest terrains. REUTERS/Radu Sigheti (ETHIOPIA) - RTR1N70J

Wednesday’s British pay data showing wages rose only 1.9 percent in the fourth quarter could well be the straw that broke the camel’s back for anyone still expecting the Bank of England to raise interest rates anytime soon.

Jobs at risk as Latin America’s downturn deepens

November 5, 2015

Laid-off outsourced worker, who was contracted to work for Petrobras, wears a mask of former Brazilian president Luiz Inacio Lula da Silva during a protest against recent layoffs, in front of the Petrobras headquarter in Rio de Janeiro, Brazil

Millions of Latin Americans risk losing their jobs as a consequence of the region’s economic downturn. Job losses are already piling up in Brazil, mired in its worst recession in generations, and look increasingly likely in other countries, according to a research report by UBS.

Sept Fed calls kept alive on hopes data disappointment will be revised away

September 7, 2015

U.S. non-farm payroll numbers came in well below forecast on Friday but may not have tolled the death knell on a September date for the first Federal Reserve rate hike in almost a decade.

High Brazil services inflation is hinting at even higher interest rates

May 11, 2015

Brazil's Finance Minister Joaquim Levy delivers a speech during a meeting with businessmen of the France-Brazil Chamber of Commerce in Sao Paulo

Brazil’s monthly inflation rate eased below 1 percent for the first time this year in April and inflation expectations for 2016 have dropped for the first time in two and a half months.

Brazil’s job market hints at more painful downturn

March 19, 2015

A job promoter sits close to list of job offers posted along a main street in downtown Sao Paulo

The rapid erosion of Brazil’s job market is taking most economists by surprise, an analysis of Reuters Polls data shows, in a worrying sign that already-grim expectations for Latin America’s largest economy have not been pessimistic enough.

The U.S. job market is consistently beating expectations

March 5, 2015

The evidence clearly shows that the U.S. job market now is consistently beating rising expectations, which should give pause to those doubting an interest rate rise is coming from the Federal Reserve later this year.

All eyes on Putin

August 13, 2014

Russia's President Vladimir Putin talks to reporters during a meeting in Brasilia

Russian President Vladimir Putin will meet his top security officials prior to visiting annexed Crimea on Thursday with members of his government.

Deconstructing UK job numbers

April 16, 2014

On the face of it, the good news for the British government keeps on coming. Britain’s economy grew surprisingly fast last year and inflation fell below the Bank of England’s target for the first time in over four years in January. The government this month even got a nod from the International Monetary Fund which only last year criticized its austerity programme.

Ukrainian tipping point

February 19, 2014

Violence in Ukraine has escalated to a whole new level. The health ministry says 25 people have been killed in fighting between anti-government protesters and police who tried to clear a central square in  Kiev. The crackdown, it seems, has been launched.

High unemployment putting the ECB in isolation

February 6, 2014

 

Unemployment in the euro zone is stuck at 12 percent, an already high rate that masks eye-popping rates in many of its struggling member economies.