Non-farm payrolls fell by 33,000 last month as Hurricanes Harvey and Irma triggered a record drop in employment in the hospitality and leisure sectorsHalifax report: UK houses prices grow at fastest rate in eight monthsPound hits four-week low against dollar as Tory infighting buildsUK productivity falls in the second quarter and lags G7 average 2.50pm BST Broader market down a bit this morning but bank stocks up. $XLF Translation? Investors still bet on December rate hike despite jobs report. 2.45pm BST After their recent record breaking runs, US markets have paused for breath.Despite the weaker headline jobs figure, the dollar has strengthened on the basis that higher than expected wages growth means the Federal Reserve may well raise interest rates before the end of the year. In turn, that has put a small dampener on equities. Continue reading…
Via: US employment falls for first time in seven years amid hurricane destruction – 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…