020 7898 0500The US data releases came to a disappointing end to last week, as one of the final labour market figures came in worse than expected. The ever important non-farm employment change figure came in below expectations, which caused dollar weakness. With the debate over the raising of interest rates still bubbling, this negativity took away some of the support as the overall unemployment rate unexpectedly fell 0.1% to 5.8%.
Meanwhile, US Federal Reserve Chair Janet Yellen stated that all available tools should be used by central banks to deal with low growth and inflation. This week starts slowly, as today holds no major releases. Tomorrow is then a bank holiday in observance of Veterans Day, before Wednesday sees a few smaller events. Oil figures are due, as well as words from a member of the Federal Reserve. Thursday holds the first potentially influential figure, in the shape of the unemployment claims as well as the job openings figure. The week then closes out with some final opportunities for activity. Retail sales figures are due first, as well as import prices, before the final release arrives, in the shape of the consumer sentiment from the University of Michigan.
