EUR/USD
1.17885
-0.153%
Gold
4821.84
-2.896%
Oil
62.523
-2.661%
USD/JPY
156.585
-0.184%
GBP/USD
1.35285
-0.906%
GBP/JPY
211.841
-1.066%
Real-time News
February 5th - In a report, Sanjay Raja of Deutsche Bank Research stated that the prospect of a Bank of England rate cut has significantly strengthened, but the pace of cuts may be relatively slow. The Bank of England decided on Thursday to keep interest rates unchanged at 3.75% by a 5-4 vote, and hinted at possible further rate cuts in the coming months. Raja said, "The risks remain skewed towards a slower pace of rate cuts, but we remain confident that the Bank of England will cut rates twice this year."U.S. Treasury Secretary Bessenter: Warsh is fully qualified to be the Federal Reserve Chairman.U.S. Senate Majority Leader Thune: Democrats demands for funding to the Department of Homeland Security are "unrealistic".U.S. Treasury Secretary Bessant testified before the Senate Banking Committee, reiterating his testimony from the House Financial Services Committee the previous day.February 5th - U.S. job openings unexpectedly fell to their lowest level since 2020 in December, while layoffs rose slightly, further indicating weak demand for labor. Data from the Bureau of Labor Statistics on Thursday showed that job openings fell to 6.54 million in December from a revised 6.93 million in November, below market expectations. The decline in job openings was primarily driven by professional and business services and retail, while the increase in layoffs reflected larger-scale layoffs in the transportation and warehousing sectors. Hiring increased somewhat, but remained at a low level overall. The data suggests that businesses remain cautious about the pace of hiring as they assess their workforce size and the outlook for economic activity. This data also reinforces the Federal Reserves assessment that wage growth is not a source of inflationary pressures. The report showed that the ratio of job openings to job losses was 0.9 in December, a measure closely watched by the Federal Reserve to gauge the balance of labor supply and demand. This ratio peaked at 2 to 1 in 2022.
