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Activity in the US services sector rebounded sharply at the beginning of the year, led by a surge in new orders, the results of a closely followed survey revealed.
London stocks jumped on Thursday, while sterling fell further after the Bank of England hiked rates for the tenth month in a row.
The European Central Bank went ahead and hiked interest rates by 50 basis points on Thursday as was widely expected.
US layoff announcements more than doubled in January as firms girded themselves for an anticipated recession, according to the latest tally from one of the country's best known staffing firms.
Unemployment claims in the US continued to run below forecasts over the preceding week, defying expectations for a post-Christmas rebound.
Fourth quarter labour productivity in the US was higher than expected, helping to limit unit labour cost growth.
The US central bank raised the range for its benchmark interest rate by 25 basis points to 4. 5-4. 75% and said it foresaw further hikes.
Factory sector activity in the US shrank more quickly than expected at the beginning of 2023, the results of a closely followed survey showed.
Hiring in the US private sector slowed significantly at the start of 2023, the results of a survey revealed.
Labour demand in the States remained high at the end of 2022, a very closely followed survey showed.
The decline in US factory activity at the start of 2023 was a tad less than previously thought, revised results to a closely followed survey revealed.
Compensation cost growth for US workers slowed at the end of 2022.
US home prices slipped in November but the data were a bit mixed.
Economic activity in the single currency bloc held up at the end of 2022 despite the drag from an unexpected contraction in its largest economy.
Germans tightened their purse strings at the end of 2022 in response to the higher cost of food and energy.
The US consumer spent with a bit less abandon towards the end of 2022 even as price pressures continued to ebb as anticipated.
Consumer confidence in the US rose a bit more than initially thought at the beginning of 2023, the results of a closely survey revealed.
Jobless claims data in the US revealed that firms continued to hold onto workers although hiring appeared to be reversing the gains seen over the Christmas holidays.
The US economy expanded a tad more quickly than expected during the fourth quarter of 2022, boosted in part by inventory rebuilding.
America's shortfall on trade in goods with the rest of world yawned wider at the end of 2022.