The number of Americans applying for first-time claims for
unemployment insurance payments came climbed less than expected. The Labour
Department reported that applications for unemployment benefits rose to 370,000
last week, following an upwardly revision to 395,000 from 393,000 initially
reported the previous week.
The BoE
left its monetary policy unchanged at today’s meeting, maintaining the main interest
rate at 0.5
percent and the asset purchases at £375 billion. Britain’s central bank is
in a difficult position as inflation remains above the target, limiting
the bank’s ability to ease the policy, while the recession calls for more
accommodative measures.
Eurozone GDP showed a third-quarter contraction of 0.1 percent, to
reflect a 0.6 percent drop in annual. German factory orders was the exception to
the overall negative tone with orders rising 3.9 percent in October, to
represent a 2.4 percent contraction in annual terms
No comments:
Post a Comment