Europe: Euro Area Poised for Fastest Economic Expansion in a Decade Euro-area economic growth remained solid in August even as services activity slowed, according to IHS Markit. A composite Purchasing Managers’ Index held at 55.7 last month, slightly below an Aug. 23 flash estimate of 55.8. IHS Markit said on Tuesday that although the region’s

Europe: U.K. Construction Growth Unexpectedly Slows to Weakest in a Year U.K. construction growth unexpectedly slowed to the weakest in a year in August, as the industry was hit by reduced business investment and heightened economic uncertainty, according to IHS Markit. The Purchasing Managers’ Index fell to 51.1, the lowest since August 2016, and down

U.S.  U.S. job growth slows in August; wage growth retreats U.S. job growth slowed more than expected in August after two straight months of strong gains, but the pace of increase should be more than sufficient for the Federal Reserve to announce a plan to start trimming its massive bond portfolio. Anemic wage gain could,

U.S.:  U.S. Consumer Spending, Incomes Signal Stable Second-Half Start U.S. consumer spending increased by less than estimated in July, though rising incomes and an upward revision to June purchases put the economy on a stable footing for the second half, Commerce Department figures showed Thursday. HIGHLIGHTS OF PERSONAL INCOME AND SPENDING (JULY) Purchases rose 0.3%

Asia:  China's home prices to rise 6.8 percent this year as small city sales boom China’s home prices in 2017 are likely to rise more than previously estimated despite a flurry of government curbs to crack down on speculation, a Reuters poll showed on Tuesday, soothing fears the economy would slow sharply. Property prices will

Europe: Euro zone bond yields creep up, Draghi says ECB policy working Government bond yields in the euro area crept higher on Monday in the absence of any major policy cues from top central bankers at a gathering in Jackson Hole, Wyoming at the end of last week. Federal Reserve Chair Janet Yellen did not

U.S. Rise in U.S. business spending bolsters economic outlook New orders for key U.S.-made capital goods rose slightly more than expected in July and shipments surged, pointing to an acceleration in business spending early in the third quarter. The Commerce Department’s upbeat report on Friday also suggested the economy continued to gather momentum after growth

U.S.: U.S. jobless claims rise slightly as labour market tightens The number of Americans filing for unemployment benefits rose less than expected last week, suggesting a further tightening in labour market conditions. Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 234,000 for the week ended Aug. 19, the Labour Department said

Europe: U.K. Sees First July Budget Surplus Since 2002 on Tax Boost Britain posted its first July budget surplus in 15 years last month as payments of self-assessed income tax poured in. Revenue exceeded spending by 184 million pounds ($240 million) compared with a deficit of 308 million pounds a year earlier, the Office for

MIL has advised that a connected party purchased 20,000 MIL shares on August 18, 2017.