All the day’s economic and financial news, as Tokyo’s stock market starts 2018 with a bang, and Debenhams issues a profits warningLatest: US companies created 250,000 new jobs last monthEurozone recovery gathers paceIntroduction: Optimism sends Tokyo shares rallyingShock profits warning from DebenhamsLondon house prices fell last year 1.49pm GMT Job creation is great, but where is the wage growth, analysts at Danske Bank wonder…..Strong #US jobs growth in December according to #ADP but what about the missing wage growth, which is puzzling most #FOMC members? Focus on avg. hourly earnings tomorrow when official jobs report is due out $EURUSD $GBPUSD pic.twitter.com/wApn2FBEtL 1.49pm GMT America’s labor market got a pre-Christmas boost, according to Mark Zandi, chief economist of Moody’s Analytics, (which helps produce the ADP jobs report).Zandi says:“The job market ended the year strongly,”“Robust Christmas sales prompted retailers and delivery services to add to their payrolls. The tight labor market will get even tighter, raising the specter that it will overheat.” Continue reading…
Via: Economic optimism boosts markets as US jobs report beats forecasts- business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…