Labour highlights figures showing cost to families with children from rise in VAT and cuts to tax credits under Conservatives
Households are worse off to the tune of
Succinct Summations week ending April 3rd
1. Initial jobless claims fell to 268k, the lowest level in 15 years.
2. Euro-area economic sentiment rose to 103.9, the highest level in nearly four years.
3. Pending homes sales increased 3.1%, the highest reading since June 2013 and above the 0.3% expected rise.
4. Personal income rose 0.4%, better than the 0.3% expected rise.
5. S&P/Case-Shiller home price index rose 0.87% and 4.56% y/o/y, in line with expectations.
6. Markit manufacturing came in at 55.7, slightly better than the 55.3 expected.
7. The S&P 500 finished the quarter in the green for the ninth consecutive time.
8. Unemployment came in at 5.5% and wages rose 0.3% m/o/m and 2.1% y/o/y.
1. NFP came in at 126k vs expectations of 245k, the lowest number since December ‘13
2. US Private Payrolls added 189k jobs in March vs the 225k expected.
3. The Dallas Fed Manufacturing Index fell from -11.2 to -17.4 in March.
4. Consumer spending rose 0.1%, up from the -0.2% fall in February, but below the 0.2% expected change.
5. ISM manufacturing fell to 51.5, below the 52.5 expected and the slowest expansions since May 2013.
6. Construction spending fell 0.1% m/o/m, in line with expectations.
7. January and February payroll were revised lower by almost 70k.
As the automobile becomes smarter, makers face a future where profits lie in technology more than metal
First rate rise by Fed not expected until later in year as non-farm payrolls report shows only 126,000 jobs added in March after year of 200,000-a-month rises
US employers created the smallest number of jobs for more than a year in March, fanning fears that a strong dollar and weak oil price are taking their toll on the world’s largest economy.
Much weaker than expected employment figures pushed back traders’ bets on an interest rate rise from the US Federal Reserve from this summer to later in the year. Some analysts said the central bank could even wait until 2016 to tighten policy.
Dollar falls as weak payroll data add to evidence that the economy has lost momentum
Athens moves to quell fears of a default after a series of contradictory statements by saying it is ready to make the repayment on time on 9 April
Senior Greek officials are racing to calm fears that the debt-laden country will fail to make a crucial repayment next week – a move that could push the nation into default and create mayhem in the financial markets.
Ahead of a 9 April deadline to pay €460m (
Founder and chief executive of Vu Technologies Devita Saraf talks about the Indian market and being a woman in a male-dominated industry.