International News (Issue 438) – 03 March 2017
The main information from offshore markets this week continued to out of the U.S with ongoing economic strength driving expectations for an earlier interest-rate tightening.
Weekly U.S unemployment benefit claims fell to a 44-year low in another sign of how tight U.S jobs markets have become.
Manufacturing data for February also continued its surge, rising to a 2-year high.
With the strength in U.S economic data apparent, interest-rate markets now expect a 90% chance for the Federal Reserve to tighten rates by 0.25% in mid-March.
In China, February manufacturing continued to improve and the combined January/February data now suggests China’s industrial economy has had the best start to the year in 5-years.
Next week sees the Chinese National People’s Congress sit.
|U.S. S&P 500||2382||+18||+0.8%|
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