
#EurozoneJoblessRate#
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Euro area jobless rate came in at 7.5 percent in November, the same rate as in October, Eurostat reported Thursday, at the lowest rate since 2008. The number of people out of work decreased by 10,000 in November from the previous month. From last year, unemployment fell 624,000 to 12.315 million. The unemployment rate among youth aged below 25, held steady at 15.6 percent in November. Data showed that the unemployment rate in the EU28 also remained unchanged at 6.3 percent, the lowest on record.



Tỷ lệ thất nghiệp khu vực đồng Euro giảm xuống 8,4% trong tháng 10 như dự kiến
Tỷ lệ thất nghiệp ở khu vực đồng euro đã giảm nhẹ trong tháng 10.EUR/USD giảm nhẹ, giao dịch trên 1,2050 sau dữ liệu. Tỷ lệ thất nghiệp được điều chỉnh theo mùa ở khu vực đồng euro đã giảm xuống 8,4% trong tháng 10 từ mức 8,5% trong tháng 9, theo dữ liệu do Eurostat công bố

European Economics Preview: Germany GfK Consumer Confidence Data Due
Consumer confidence from Germany is due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, Germany's Gfk consumer confidence survey results are due. The forward-looking consumer sentiment index is expected to rise to -5 in August from -9.6 in July.
In the meantime,
UK businesses see 'long haul' to recovery - Deloitte survey
According to a survey conducted by accountants Deloitte, nearly half of the Chief Financial Officers (CFP) from large and mostly listed British companies expect a long road to recovery, which is likely to extend at least until the second half of 2021.
Key findings
“Another 33% predicted a recovery i
【Orbex基本面分析】本周重点关注日本和英国央行会议、新西兰GDP数据
上周重点回顾——中国PPI下降速度加快中国最新的工厂数据显示,降幅高于预期。官方数据显示,工厂价格连续第四个月下降,反映出需求疲软。5月份整体PPI同比下降3.7%。此前4月份下跌3.1%。这是近四年来PPI的最大跌幅。——欧元区GDP收缩速度为25年来最快上周公布的官方数据显示,欧元区经济活动以25年来最快速度下滑。欧盟统计局(Eurostat)的数据显示,今年第一季度国内生产总值下降3.6%。不过,与市场预期的3.8%的降幅相比,降幅有所改善。第一季度的降幅扭转了2019年第四季度0.1%的小幅增长。——欧元区私营部门仍在收缩欧元区私营部门的业务继续受到封锁的影响。IHS Markit的最

European Economics Preview: Germany Foreign Trade Data Due
Foreign trade figures from Germany and France are due on Tuesday, headlining a light day for the European economic news.
At 1.45 am ET, the State Secretariat for Economic Affairs, or SECO, releases Swiss unemployment data. The jobless rate is forecast to rise to a seasonally adjusted 3.7 percent in

German Construction Sector Contracts In May
Germany's construction sector contracted in May as the coronavirus, or Covid-19, crisis weighed on new orders and activity, survey results from IHS Markit showed Thursday.
The construction Purchasing Managers' Index rose to 40.1 in May from 31.9 in April. A score below 50 indicates contraction.
Outp
Swiss Jobless Rate Rises In May
Switzerland's unemployment rate climbed in May, the State Secretariat for Economic Affairs, or SECO, reported Tuesday.
The jobless rate rose to a seasonally adjusted 3.4 percent in May from 3.1 percent in April. However, this was well below economists' forecast of 3.7 percent.
On an unadjusted basis
Monzo Co-Founder Tom Blomfield Quits as CEO to Become President
Photo: Finance Magnates
Monzo co-founder Tom Blomfield steps down as UK CEO to take up the newly created role of president, according to market sources.
TS Anil, currently US CEO, will become the new “Monzo UK Bank CEO,” subject to regulatory approval, and for now will hold both UK and US roles.

UK should extend part of furlough scheme to end of year – Think tank
According to the Resolution Foundation, an independent British think tank, the UK government should extend a costly job support program until the end of the year, as the workers were hit by the coronavirus pandemic, as cited by Reuters.
Key takeaways
“The scheme should remain open to workers in al
France Industrial Production Declines Sharply In March
France industrial and manufacturing output declined sharply in March as the spread of coronavirus, or covid-19, disrupted functioning of factories and supply chains, data from the statistical office Insee showed Thursday.
Another report from Insee showed that manufactures are forecasting investment
Risk appetite continues to hold on; BOE Gov Carney hints of possible rate cut
Notes/Observations
- Unwinding of safe-haven flows as US-Iran tensions ease for the time being as both sides offered some conciliatory tones
- BOE Gov Carney hints of potential rate cut or QE if persistent weakness continued
- UK Parliament expected to vote on PM Johnson's Brexit bill later today
Mi
BoE: Potential for extra easing – UOB
Lee Sue Ann, Economist at UOB Group, assessed the latest UK inflation figures and the probability of further easing by the Bank of England.
Key Quotes
“Reflecting the initial impact of the COVID-19 crisis in the UK, inflation slowed in March. Consumer prices rose 1.5% y/y, down from 1.7% y/y in Febr