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Weekly Economic Perspectives: Global Manufacturing Expanding For First Time Since April
Last Week’s Highlights
Economies: Global manufacturing expands for the first time in seven months. Employment surges in the US Bank of Canada keeps rates steady but weaker labor market may change that. UK manufacturing and services contract. Services expand in the eurozone. may be reviving. The RBA is on hold amid disappointing growth.Japanese wage inflation may be reviving. The RBA is on hold amid disappointing growth.
Markets: Mixed and volatile week for equities amid sentiment swings. Bond yields widen as data point to macro resilience. The pound and Aussie dollar are the week’s currency winners. Oil jumps on lower inventories, Saudi production cut pledge. Gold ends little changed.
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