International News (Issue 438) – 03 March 2017

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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.

 

Index Change %
U.S. S&P 500 2382 +18 +0.8%
London’s FTSE 7382 +111 +1.5%
Japan’s Nikkei 19565 +194 +1.0%
Hang Seng 23728 -387 -1.6%
China’s Shanghai 3230 -21 -0.6%

 


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By | 2017-06-16T15:16:10+11:00 March 3rd, 2017|International News, Uncategorized|0 Comments

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