In US, Lawmakers from both the House of Representatives and the Senate have largely returned to their home states for August recess, according to a report. As such, the much-anticipated stimulus is likely to remain elusive at least until September, when lawmakers will return to work. “We will have our regular pro forma meetings through [...]
In US, First-time claims for unemployment insurance last week fell below 1 million for the first time since March 21 in a sign that the labor market is continuing its recovery from the corona virus pandemic. The total claims of 963,000 for the week ended Aug. 8 were well below the estimate of 1.1 million. [...]
UK house prices turn in to positive territory for the first time since March. Across the UK in aggregate, a net balance of 12 percent of respondents to the Royal Institution of Chartered Surveyors’ monthly survey reported an increase in house prices during July. This was a noticeable turnaround from minus 13 percent in June, [...]
After being the household spending being hit, Australian wages grew at their slowest pace on record in the second quarter. The official wage price index (WPI) rose 0.2% in the three months to the end of June. That was below the already subdued 0.3% forecast and the 0.5% growth seen in the previous quarter. The [...]
