Breaking Economic News
Commodities: Yellen's Jackson Hole soapbox herds crude, metals higher
Metals and crude futures surged higher as US Federal Reserve chair Janet Yellen said the case for a hike in US interest rates had strengthened in recent months.
US real GDP growth seen at 2% in H2 2016 by Barclays Research
US real gross domestic product looks good to hit 2% in second-half 2016, says Barclays Research after Friday's rise in second-quarter US gross domestic product (GDP).
US second-estimate 'real' GDP rises at 1.1% annual rate in Q2
US real gross domestic product (GDP) in the second quarter rose at an annual rate of 1. 1%, a "second" estimate from US Bureau of Economic Analysis showed. In the first quarter, real GDP rose 0. 8%.
US non-farm payrolls trounce expectations in July
The US created far more jobs than expected in July, with the latest monthly tally for non-farm payrolls clocking in at 255,000.
Bank of England cuts interest rates, bolsters QE
The Bank of England on Thursday cut interest rates by 25 basis points to 0. 25%, in a move widely expected by economists.
UK construction output drops at fastest rate since 2009
UK construction output continued to fall in July as activity dropped by the fastest rate in seven years, further raising the risk of a recession and possibly increasing the likelihood of a Bank of England rate cut this week.